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Issue - meetings

2025/26 Quarterly Finance Review Q4

 

 

Meeting: 10/06/2026 - Executive (Item 495)

495 Financial Performance Report 2025/26 Year End pdf icon PDF 469 KB

Purpose:

To report the financial performance of the Council in 2025/26.

 

Recommendations:

That the Executive:

  1. Note the 2025/26 financial performance;
  2. Recommend to Council to carry forward the capital budget of £4,395,180. (Paragraph 5.2);
  3. Recommend to Council to approve the transfers to and between Earmarked Reserves as detailed in the report (Section 4);
  4. Recommend to Council to approve the necessary budget virements related to Publica Phase 2. (Paragraph 2.27).

 

Additional documents:

Minutes:

Councillor Andy Graham presented the item, the purpose of which was to report the financial performance of the Council in 2025/26.

 

In his presentation, Councillor Graham made the following points:

·         The financial outturn had been better than initially budgeted, moving from an anticipated modest contribution to a £203,155 surplus.

·         This improvement was attributed to strong income, notably from trade waste and development management, higher treasury returns (c. £800k additional income), and cost efficiencies, including lower one-off costs and partner refunds.

·         Resources had been transferred into earmarked reserves to support the delivery of future priorities, including Local Government Reorganisation.

·         There was a continued emphasis on housing delivery and climate objectives, recognising their importance to long-term community sustainability and affordability.

·         The report demonstrated effective in-year financial management, proactive risk mitigation, and informed decision-making.

 

Councillor Andy Graham proposed the recommendations in the report.

 

There were no alternative options, as the report was for noting previous financial performance only.

 

Councillor Duncan Enright seconded the proposal.

 

The Executive voted on the recommendations, which were agreed unanimously.

 

The Executive resolved to:

1.    Note the 2025/26 financial performance.

2.    Recommend to Council that it carry forward the capital budget of £4,395,180 (paragraph 5.2).

3.    Recommend to Council that it approve the transfers to and between earmarked reserves as detailed in the report (section 4).

Recommend to Council that it approve the necessary budget virements related to Publica Phase 2 (paragraph 2.27).

 

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