Purpose

To consider the budget monitoring position at the end of quarter one 2026/27.

Decision

RESOLVED – that the Executive:

1)    Note the Revenue Budget Forecast as at Q1 at Annex 1

2)    Note the Outstanding Debt Summary as at Q1 at Annex 2

3)    Note the Reserves Summary as at Q1 2026/27 at Annex 3

4)    Note the Capital Budget Forecast as at Q1 2026/27 at Annex 4

5)    Note the Treasury Management Prudential Indicators at Annex 5

6)    Recommend to Full Council the allocation of £0.850m to the Capital Programme from CIL funds as described within the body of this report.

7)    Delegate authority to the Deputy Chief Executive and Director of Communities and Wellbeing, in consultation with the Leader of the Council and Portfolio Holder for Economic Development and Leisure, and Portfolio Holder for Finance and Assets, to approve the business case for the fitting out of Unit 5, the Rise, Marketfield Way, Redhill and to release the associated CIL budget requirement.

RESOLVED – that Council:

1) Approve the allocation of £0.850m to the Capital Programme from CIL funds as described within the body of this report.