Purpose

To provide an overview of the financial outturn for the year 2025/26 and to seek approval of associated financial decisions related to the end of year accounting processes.

Decision

The Corporate Finance and Governance Portfolio Holder formally:-

(a)   notes the financial outturn position for 2025/26 as set out in the report and its appendices;

(b)   approves the financing of General Fund capital expenditure for 2025/26, as detailed in Appendix D;

(c)   approves the movement in uncommitted and earmarked General Fund reserves for 2025/26, as set out in Appendix E;

(d)   in respect of the HRA, approves the movement on HRA balances for 2025/26 including any commitments, as set out within Appendices H and/or I along with recharges to the HRA from the General fund of £2.998m for the year and the financing of the HRA capital expenditure, as set out in Appendix I;

(e)   notes the overall General Fund outturn variance of £3.389m for 2025/26 is being carried forward within the Corporate Investment Fund (Revenue) via the Revenue Commitments Reserve.

Reasons for the decision

To set out the final financial position of the Council for 2025/26 and to seek approval of the associated end of year accounting / technical adjustments and processes.

Alternative options considered

None