Agenda item

Report of the Chief Finance Officer & Section 151 Officer

The Principal Finance Business Partner introduced a report, which had been circulated prior to the meeting, to inform committee of the final outturn position for 2025/26.

RESOLVED:

That Cabinet:

1.     Noted the Budget Outturn figures for 2025/26;

2.     Approved the movements in Earmarked Reserves and Provisions as detailed in paragraphs 2.7 and 2.8, including the repurposing of reserves identified in paragraph 2.7.3;

3.     Noted the capital carry forwards approved by the Chief Financial Officer included in Appendix 6, being amounts not in excess of £50,000 and committed schemes above £50,000.

4.     Approved the capital carry forwards of £1,517,500 included in Appendix 6 for non-committed schemes in excess of £50,000.

5.     Referred to Council for approval:

i)                 The overall method of financing of the 2025/26 capital expenditure as set out in paragraph 3.4;

ii)               ii) The determination of the minimum revenue provision for the repayment of debt as set out in paragraph 3.5.