Purpose

To approve the Programme.

Decision

RESOLVED –
that Executive recommend to Council:
 
(i)            
The latest Medium-Term Financial Plan (MTFP) forecast at Annex
1;
(ii)          
A freeze (0% increase) to Reigate & Banstead’s current
Band D Council Tax rate of £264.87 for 2026/27 and a final
taxbase of 65,182.50 Band D equivalents;
(iii)        
A Revenue budget requirement of £23.608 million for
2026/27, as set out in this report and at Annex 1, which
reflects:
a)   
Service Budget net reductions totalling (£1.909) million
as set out in Table 5, including additional fees and charges income
of (£0.351) million:
b)   
Central Budget net increase totalling £3.163 million, as
set out in Table 6.
(iv)        
That the forecast Reserve Balances are noted at Annex 2,
including funding for specific items, and a general contribution of
£0.350m to ensure an overall balanced budget, as detailed in
the MTFP at Annex 1.
(v)          
A final Capital Programme of £63.553 million for 2025/26
to 2030/31 as set out in this report, which includes capital growth
proposals of £10.458m.
(vi)        
The Chief Finance Officer’s report on the robustness of
the budget estimates and adequacy of reserves (see paragraphs
86-92).
(vii)       
Note that there are no changes to The Local Council Tax Support
Scheme.
 
That Executive:
 
(viii)     
Authorises the Chief Finance Officer to make any necessary final
technical adjustments to the Budget and Council Tax arising from
final budget refinements or changes to Government funding.
(ix)        
Note the Equality Impact Report on the 2026/27 draft budget at
Annex 4.
(x)          
Note the draft budget Consultation Report at Annex 5.