Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: February 26, 2026

Purpose:

Content: RESOLVED: That Council:   (1)         Noted the position on the Collection Fund and how it would be funded.   (2)         Noted the position relating to the General Fund balance and that due to the risks identified a minimum balance of £3.5 million was recommended.   (3)         Noted the Chief Finance Officer’s section 25 report (Appendix D) which provided a commentary on the risks and reliability of estimates contained in the budget.   (4)         Approved the revenue savings and investments as detailed in Appendix B.   (5)         Approved the capital programme as detailed in Appendix C.   (6)         Approved a net expenditure budget of £27.524m as detailed in Appendix E.   (7)         Approved a Council Tax increase of 2.99%, which was in line with the provisions in the Medium Term Financial Strategy.   (8)         Approved bringing forward the capital budget for pool covers at the outdoor pools to 2025/26.   (9)         Noted that a Council Tax premium on Second Homes would be implemented from 1 April 2026, which adopted the decision taken by Council on 29 February 2024.   REASONS FOR DECISIONS:   (1)         To ensure that all relevant factors are considered in arriving at a budget (revenue and capital) and Council Tax level for 2026/27.   (2)         To ensure that the budget is aligned to Council priorities for 2024-28 as set out in the Council Plan.