Decision

RESOLVED: That Cabinet: 

a.     Noted the provisional outturn position for 2025-26  

b.     Noted the deliverability assessment of West Northamptonshire Council’s savings requirement for 2025-26 summarised in Section 8 and detailed in Appendix B 

c.      Noted the 2025-26 general fund reserve creation and carry forward requests in Appendix C 

d.     Noted the 2025-26 HRA surplus contribution to reserves detailed in Section 7 

e.     Noted additions to the flexible use of capital receipts strategy detailed in section 9 

f.        Noted the 2025-26 reserve balances in Section 10 

g.     Noted the Treasury Management Update in Appendix D 

h.     Recommends that Full Council approves a £1.2m General Fund Capital budget for additional capitalisation identified in 2025-26 as detailed in Section 11 

i.        Delegates authority to the Executive Director - Resources in consultation with the Cabinet Member for Finance to apply any budget virements required to effectively manage the overall budget. 

REASONS RESOLVED: To update members on the financial position of West Northamptonshire Council (WNC) and ensure that the Authority complies with its financial regulations.  

ALTERNATIVE OPTIONS: None