Decision

RESOLVED that Cabinet:

1. 1)           noted the outturn position for the 2025/26 General Fund Revenue Budget which is a net underspend of £907k against a revised budget of £13,965k (section 5 and Appendix 1);
2. 2)           noted the allocations of the in-year revenue surplus of £907k as follows: £305k for general reserves in line with agreed policy with the remaining £602k allocation to be set aside as a revenue contribution to capital schemes (5.12).
3. 3)           noted the outturn position for the 2025/26 Capital Programme - a total spend £8,475k against a revised budget of £28,214k (Section 6);
4. 4)           noted the sources of capital funding for 2025/26 (paragraph 6.7); v) notes the revised three-year capital programme for the period 2026/27 to 2028/29 of £32,870k (paragraph 6.9).
5. 5)           noted the net impact of the 2025/26 revenue and capital outturn position on the Council’s usable reserves and balances (paragraph 5.17 & 6.11) 

Reasons for decision

The report provided Cabinet with a summary of the 2025/26 Revenue and Capital Outturn position for noting. A more detailed 2025/26 quarter 4 monitoring report would be presented to the Operations Review Committee at their meeting on 14 July 2026. The report also informed the Cabinet of the Council’s usable reserves position as at 31 March 2026 and anticipated reserve levels over the medium term for Cabinet to review and note.

Alternative Options Considered

There were no Cabinet approvals requested in the report.