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Summary
The Cabinet of Enfield Council decided to note the borrowing and investments position as at 30th June 2026 and Q1 estimates for 2026/27. They also approved the principle that any further capital financing underspends will be used to repay debt. The Cabinet agreed to reduce the capital financing budget by £3m to be vired to Adult Social Care.
Full council record
Decision
DECISION: The Cabinet agreed to:
I. Note the borrowing and investments position and estimates as at 30th June 2026 and Quarter 1 (Q1) estimates for financial year 2026/27.
II. Note that the separate Q1 Revenue and Capital Financial Monitoring report on this agenda requests a reduction of the capital financing budget by £3m (to be vired to Adult Social Care).
III. Approve the principle that any further capital financing underspends (beyond the £3m vired to Adult Social Care) will be used to repay debt (as Voluntary Minimum Revenue Provision).
Related Meeting
Cabinet - Wednesday, 9th September, 2026 7.00 pm on September 9, 2026
Supporting Documents
Details
| Reference | Call-ins0 |
| Outcome | Recommendations Approved (subject to call-in) |
| Decision date | 9 Sep 2026 |
| Subject to call-in | Yes |