Decision details

Cabinet was updated on the revenue and capital outturn position for 2025/26 and provided with an update on progress with the preparation of the draft annual statement of accounts for 2025/26.

The accounts for 2025/26 had been finalised, subject to audit, and showed an underspending on the General Fund revenue account of £2.506m and an overspend on the Housing Revenue Account (HRA) of £276k when compared to the revised estimates. There was praise for the officers who had prepared the report and it was highlighted that these were difficult times for local government finances.

RESOLVED that:

1.       The accounts summary for the financial year ended 31 March 2026, subject to audit, be approved.

2.       The revenue budget carry forward requests outlined in the report be approved and included as supplementary revenue estimates in the 2026/27 budget.

3.       The capital budget carry forward requests outlined in the report be approved and included as supplementary capital estimates in the 2026/27 budget.

Reason

To be accountable for all activities and actions and to ensure that the Council conforms to all financial regulations. The report summarises the Council’s finances at the end of each financial year.