Purpose

This report to Cabinet sets out the 2025/26 draft outturn position for Revenue, Capital, Housing Revenue Account (HRA) & Dedicated Schools Grant (DSG)

Decision

The Cabinet agreed to:

      I.         Approve the transfer of £3.6m to risk reserves assuming the final government approval is received for £10m of Adult Social Care overspends to be funded by proceeds from sold assets.

    II.         Approve the transfer of £1.3m to the Collection Fund smoothing reserve following additional Section 31 payments in 2025/26.

   III.         Approve the transfer of £3.6m from released insurance provisions to the General Fund insurance reserve to ensure alignment with actuarial advice.

  IV.         Approve the carry forward of £16.7m capital budgets from 2025/26 to 2026/27 under delegated authority from Full Council (KD 5994) (Appendix D).

    V.         Recommend that Full Council notes that during 2025/26 £1.7m of an existing revenue Energetik loan was reclassified as capital (para 8.8).