Purpose

To consider the Council’s financial outturn for 2025/26 and amendments to the Capital Programme.

Decision

RESOLVED:

1. 1    That the GFRA draft outturn of (£2.994m) against budget be noted.
2. 2    That the Housing Revenue Account (HRA) Outturn of (£7.655m) against budget be noted
3. 3    That the Dedicated Schools Grant (DSG) budget was set with an estimated surplus carry forward into 2025/26 of £5.027m; the position at 31 March 2026 is a surplus carry forward of £6.625m.
4. 4    That the Dashboards to support the outturn position be noted, these are set out in Annex A of the report.
5. 5    That the reserves position as detailed in Annex B of the report are noted.
6. 6    Cabinet approves the additions and amendments to resource allocation and spend approval for the 2026/27 capital programme set out in Annex C of the report.
7. 7    The outturn position on the 2025/26 Capital Programme as an underspend of (£19.764m) after slippage of £70.306m as detailed in Annex D of the report be noted.
8. 8    That the revised capital budget profile for the Residual Waste Treatment Facility set out at Annex D(i) of the report be approved and that the capital programme is updated to reflect the changed phasing. There is no change to the total budget or total 5 year capital programme.
9. 9    The outturn position on the 2025/26 Tariff Programme as a nil variance after slippage of £9.679m as detailed in Annex E of the report be noted.
10. 10  That Cabinet approves the additions and amendments to resource allocation and spend approval for the 2026/27 Tariff programme set out in Annex F of the report.
11. 11  That the Treasury Management report including prudential indicators, as detailed in Annex G of the report is referred to Council for approval,
12. 12  That the virements to the original budget as detailed in Annex H of the report are approved.
13. 13  That Cabinet approves the Debt Write-off exceeding £50k as outlined in para in 2.3 of the report.