Purpose

To inform the Executive Board of the financial performance for the 2026/27 financial year up to 30th June 2026

Decision

Resolved:

1. That the financial position on the Council’s General Fund, Housing Revenue Account, Reserves and Capital Programmes for 2026/27 as at 30 June 2026 be agreed.
2. That the projected 2026/27 surplus position of £533,300 in the General Fund be noted.
3. That the projected 2026/27 deficit position of £160,700 in the Housing Revenue Account be noted.
4. That the Capital Programme 2026/27 position as at 30 June 2026 be noted.
5. That the Reserves position as at 30 June 2026 be noted.
6. That the key Treasury Management data for 2026/27 as at 30 June 2026 be noted.
7. That the 2026/27 Internal Drainage Board Levy Support grant allocation of £314,000 be appropriated to the Income Volatility reserve. Due to the uncertainty associated with this grant during the budget setting period, no provision for receipt of this grant was made.
8. That the capital budget for the Kesteven Street Car Park project be increased by £155,000 – funded from the Financial Resilience Reserve – to deal with additional remediation works to ensure the river Slea is protected.
9. That all 2026/27 HRA Capital dwelling acquisition schemes be part funded by a minimum of £10,000 from 1-4-1 Capital Receipts to ensure NKDC is exempt from the obligation to pay Stamp Duty Land Tax (SDLT) on acquiring new HRA units. Also, that delegated authority be given to the S151 officer when the Capital Programme for 2026/27 has been closed to identify specific 1-4-1 funding values per scheme.
10. That approval be given for the introduction of a 20p user charge to access the newly created Public Toilets in Moneys Yard, from 1 October 2026. The charge, which was in line with similar facilities across Lincolnshire, was required to fund ongoing operational costs ensuring the facility was not a financial burden to the Council. Charges for future years would be considered and approved via the Council’s annual fees and charges process.
11. That members noted the briefing paper relating to an update on the Food Waste Collection Service roll out and financial implications.