Decision

*RESOLVED –

That it be recommended to Full Council

1. That the draft General Fund Revenue, Capital Programme outturn and Housing Revenue Account outturn positions for 2025/26 be noted.
2. That the allocation of the 2025/26 General Fund Revenue underspend be approved as follows;

·                    £600k to be set aside to support the 2026/27 budget, in line with the approved Medium Term Financial Plan (MTFP)

·                    £50k to be allocated to preparatory work associated with Local Government Reorganisation

·                    The remaining balance of £611k be prudently transferred to the Budget Risk Reserve

1. That the transfer of any surplus from the Business Rates Pool and the Derbyshire Pool to the Business Rates Risk Reserve (paragraphs 4.20 and 4.21) be approved.
2. That the level of and movement in General Fund Revenue Reserves and Provisions (paragraphs 4.22 to 4.28) be approved.
3. That the General Fund and Housing Revenue Account Capital financing arrangements (Appendix A and B) be approved.
4. That it be noted that £200k HRA funding is provisionally required to cover redundancy and pension strain costs associated with the Housing Property Services reshape (paragraphs 4.40 to 4.41).

REASONS FOR DECISIONS

1. This report forms a key part of formal revenue and capital monitoring against the approved 2025/26 budgets. The information in this report will be incorporated into the published Statement of Accounts 2025/26.
2. The approval of the budget outturn, in-year movements and reserves are required by corporate financial procedures.
3. To consider the reserves position given the challenges facing the Council over the period of the Medium-Term Financial Plan (MTFP), including the need to contribute, along with other Derbyshire Councils, towards the transitional costs associated with Local Government Reorganisation.