Content

The purpose of the report was
to present the first 2025/26 budget monitoring position to Cabinet
and seek Cabinet’s endorsement of the proposed financial
management approach and related reserve transfers.
 
Councillor Patrick Coleman,
Cabinet Member for Finance, introduced the report.
The recommendations were
proposed by Councillor Patrick Coleman and seconded by Councillor
Mike Evemy.
 
RESOLVED that
Cabinet:

Reviewed and
noted the financial position set out in the report.
Endorsed the
approach to financial management for 2025/26 as set out in
paragraph 4.8 of the
report.
Endorsed the
principle to transfer any additional year-end surplus to the
Transformation and Capacity Building earmarked reserves, as set out
in paragraphs 4.10 to 4.11 of the report.
Endorsed the
principle of the transfer of 50% of any year-end Planning Fee
income (over and above the budgeted level) to the Planning Appeals
earmarked reserve, as set out in paragraph 4.22 of the
report.

 
Voting Record:
8 For, 0 Against, 0
Abstentions.