Decision details

Cabinet considered recommending to Council the capital and revenue budgets proposals together with the Capital Strategy, Prudential Indicators, Treasury Management Strategy, Investment Strategy and General Fund Medium Term Financial Strategy. The service and financial plans were considered as an integral part of the budget setting process by the Overview and Scrutiny Committee on 19 and 20 January 2026.

RESOLVED that:

1.     The Business Plans for the Council’s corporate priorities and support service functions, subject to amendment as a result of any budget decisions still to be taken by Council as recommended by Cabinet

RECOMMENDED to Council that:

2.     The Housing Revenue Account budgets as submitted be approved.

3.     The General Fund revenue budgets as submitted be approved.

4.     The capital submissions and priorities within them be approved and that the Interim Deputy Chief Executive and Section 151 Officer be authorised to arrange the financing of the Capital Programme as necessary.

5.     The Council Tax Requirement for 2026/27 including special expenses (but excluding local precepting requirements) be £7,216,416.

6.     An amount of £760,309 be withdrawn from the General Fund Reserve and an amount of £439,883 be taken from the General Fund earmarked reserves in 2026/27.

7.     The Capital Strategy 2026/27 to 2028/29 be approved.

8.     The Minimum Revenue Provision policy, as set out, be approved.

9.     The Treasury Management Strategy Statement 2026/27 to 2028/29 be approved.

10.The Investments Strategy 2026/27 to 2028/29 be approved.

11.The General Fund Medium Term Financial Strategy to 2029/30 be approved.

Reason

The proposals were in accordance with the relevant legislation, Council policy and procedures, and the Council’s statutory and fiduciary powers.