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*RESOLVED
–
 
That it be recommended to Full Council:
 
1.   That the Period 9 forecast
outturn for 2025/26, which presents a surplus for the year of
£774k (paragraph 4.16 of the officer’s report), be
noted.
 
2.   That the overall revenue budget
for 2026/27 (Table 14 of the officer’s report), be
approved.
 
3.   That the use of £273k
from the Budget Risk Reserve to balance the 2026/27 budget
(paragraph 4.89 of the officer’s report), be approved.
 
4.   That the transfer of
£145k to the Service Improvement reserve from the Budget Risk
reserve to ensure £500k resources are available for potential
investment in ICT improvements (paragraph 4.103 of the
officer’s report), be approved.
 
5.   That the approach to be taken
with regard to ICT investments be approved and authority be
delegated for approving project spend and any associated use of the
Service Improvement reserve to the Chief Executive, in consultation
with the Leader of the Council, Deputy Leader and Cabinet Member
for Finance and Asset Management and Director of Finance (CFO)
(paragraph 4.79 of the officer’s report).
 
6.   That the submission of a
proposal to employ flexible use of capital receipts in the
financial years 2025/26 and 2026/27 be approved and authority be
delegated for the amendment and final approval of the proposal to
the Director of Finance (CFO), in consultation with the Deputy
Leader and Cabinet Member for Finance and Asset Management
(paragraph 4.122 of the officer’s report).
 
7.   That the Flexible Use of
Capital Receipts Strategy revised 2025/26 and 2026/27 (Appendix C
to the officer’s report), be approved.
 
8.   That the 2026/27 Council Tax
Requirement and financing (Appendices D and E to the
officer’s report), be approved.
 
9.   That the Council’s share
of Council Tax for properties in each band be increased, a
2.99% increase for a Band ‘D’ property, in
2026/27 to £202.39 (paragraph 4.50 of the
officer’s report).
 
10. That the Local Council Tax Support
Scheme, which remains unchanged for 2026/27 (paragraph 4.53 of the
officer’s report), be approved.
 
11.That the Collection Fund and the Tax Base
forecast (paragraphs 4.44, 4.52 and 4.49 of the officer’s
report), be noted.
 
12. That the financial projections in the
Medium-Term Financial Plan (MTFP) for 2026/27 to 2028/29 (Table 14
in the officer’s report), and the implications for the next
budget process be noted.
 
13. That the estimates of reserves
including maintaining the General Working Balance at £1.5m
(paragraph 4.100 of the officer’s report), be approved.
 
14.  That the budget risks and
sensitivity analysis (Appendix B to the officer’s report),
and the Chief Finance Officer’s assurances (paragraphs 4.104
– 4.119 of the officer’s report), be noted.
 
15. That authority be delegated to the
Director of Finance (CFO), in consultation with the Deputy Leader
and Cabinet Member for Finance and Asset Management, to finalise
the detailed 2026/27 budgets for publication (paragraph 4.94 and
Appendix A to the officer’s report).
 
16. That the acceptance of £150k
grant funding from East Midlands Combined County Authority to
support delivery of East Midlands Investment Zone sites (paragraph
4.48 of the officer’s report), be approved.
 
REASON FOR
DECISIONS
 
For the Council to meet the statutory
requirements relating to setting the General Fund revenue budget
and the level of Council Tax for 2026/27.