Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: July 22, 2025

Purpose:

Content: DECISIONS 1.    Approved the Company’s annual Budget for the financial year 2025-26 and note the forecasts for financial years 2026-27 and 2027-28, as set out in Appendix A. 2.    Noted the likely draw-down of up to £5.15 million from the £28.6 million loan facility, previously approved and within the Council's existing Capital Programme. Any draw-down will be subject to meeting the necessary criteria, including approval by the Council's section 151 officer. 3.    Noted that this is the first budget for approval following a full independent review of the company by external consultants in 2024.