Decision details

DECLARATIONS OF INTEREST MADE FOR THIS ITEM:

None

RESOLVED:

That Cabinet:

1.    Noted the provisional revenue and capital outturn for 2025/26

2.    Approved the capital carry forward requests

3.    Approved the transfers to/from reserves

4.    Approved the budget virements

5.    Noted the debt write-offs approved by officers in Quarter 4 of 2025/26

6.    Noted the Finance Recovery Closure report

Reasons for decision

A strong financial management framework, including oversight by Members and senior management was an essential part of delivering the Council’s priorities and statutory duties. 

It was necessary at year end to review the use of reserves and balances considering the financial position during the year and knowledge of the Council’s future position and requirements.

Alternative options considered

The Corporate Director of Finance and Resources, as Section 151 Officer, had a duty to consider and propose decisions in the best interests of the authority’s finances and that best support the delivery of the agreed Corporate Delivery Plan outcomes whilst addressing the Council’s financial sustainability.

This report by the Corporate Director of Finance and Resources had attempted to address these points. Therefore, no other options were presented at this time.