Decision

1. 1

The Committee considered a report which set out Sheffield City Council’s final financial outturn for the 2025/26 financial year, including the final revenue position, capital programme outturn and treasury management performance.

1. 2

RESOLVED UNANIMOUSLY: That the Finance and Performance Policy Committee:-

a)    Note the final 2025/26 Revenue Outturn position as described in this report including detailed committee budget monitoring information.

b)    Approve revenue budget carry forward requests for 2 items: I. £27k SE LAC – Neighbourhoods II. £615k Tram Vision – City Futures

c)    Note the final outturn information provided in the appendices to the paper for the Capital programme and treasury management for the Council.

1. 3

Reasons for Decision

1. 3.1

To record formally changes to the Revenue Budget.

1. 4

Alternatives Considered and Rejected

1. 4.1

The Council is required to both set a balanced budget and to ensure that in year income and expenditure are balanced. No other alternatives were considered.