Purpose

To provide the
necessary financial information to enable the Council’s
Revenue Budget, Capital Programme & Housing Revenue Account to
be set in accordance with agreed treasury management
principles.

Content

RESOLVED –
 
1) That the feedback from the
Meeting of Overview and Scrutiny Management   Committee held on 16 January 2026, as
summarised at paragraph 5 of this        
report, in reaching decisions
regarding the final budget recommendations
for 2026/27 within this report,
be noted.
 
2) That the feedback from the
Budget Consultation at paragraph 4 of this       
report and Appendix L be
noted.
 
3) That the Budget Motion be
submitted to the Meeting of Council on 25 February 2025 with a
recommendation that;
 
(i)            
General Fund Revenue 
-      
the Revenue Budget for 2026/27 to deliver a balanced
position, as attached at Appendix A, be approved.  
-      
the forecast spending and funding plans for the
2026/2027 and 2027/2028 period, as as set out at Appendix A, be
noted.
-      
the forecast levels of statutory and other Council
reserves as set out at Appendix C be noted.
-      
the strategy for the use of balances and reserves
(paragraph 2.17 refers) be approved.  
-      
the Council’s flexible capital receipts policy
for 2026/2027 (paragraph 2.14 and Appendix G refer) be
approved.
-      
the Council Tax requirement for 2026/2027, as set
out at Appendix M, be approved.
-      
the Council’s Statutory s151 Officer’s
positive assurance statement as to the robustness of the forecasts
and estimates and adequacy of financial reserves, as set out at
paragraph 2.22, be noted.
-      
authority be delegated to the Council’s
Statutory s151 Officer to amend how the finally approved precepts
are recorded in the Council’s revenue budget in line with the
final notifications received following decisions by the West
Yorkshire Mayor Police and Crime Commissioner, the Fire &
Rescue Authority and Parish Councils should these be received after
25 February 2026 (paragraph 3.1.3 refers).

 
(ii)           
Treasury Management  
-      
the borrowing strategy be approved (paragraphs 2.15
to 2.27 refer).
-      
the investment strategy be approved (paragraphs 2.28
to 2.36 and Appendices A and B refer).  
-      
the policy for provision of repayment of debt
(minimum revenue provision) be approved (paragraphs 2.37 to 2.38,
Appendix C refer).
-      
the treasury management prudential indicators be
approved (Appendix D refers).
-      
the Investment Strategy (non-treasury investments)
be approved (Appendix F refers).  

 
(iii)         
Capital  
-      
the updated Capital Plan for 2025-2033 be approved
(Appendix F refers).
-      
the Capital Strategy (including Prudential
Indicators) be approved (Appendix I refers).

                                                                                                     
(iv)         
Housing Revenue Account
-      
the HRA Budget for 2026/2027 be approved (Appendix K
refers).
-      
the strategy for the use of HRA reserves (Appendix K
refers) be approved.