Purpose

To set a net budget requirement and the
Council Tax for the Council for the financial year
2026-27

Content

RECOMMENDATION TO
COUNCIL
 
That the Cabinet
recommends to Council:
 
(a) That a net
budget requirement of £18,133,500 for 2026-27 be
approved;
 
(b) That Council Tax
be increased by £5.74 from £192.06 to £197.80 for
a Band D equivalent in 2026-27;
 
(c) That the
forecast budget surplus of £145,100 be transferred to the
General Fund Reserve;
 
(d) The capital
programme, including the asset renewal programme (appendices 1c and
1d of the agenda report) be approved;
 
(e) The capital
prudential indicators and the Minimum Revenue Provision (MRP)
Policy (appendix 3 of the agenda report) be approved;
 
RESOLVED
 
That the Cabinet
notes:
 
a) The growth items
that have been incorporated into the base budget from 2026-27 as
detailed in paragraph 2.16 of the report;
 
b) The growth items
that have been incorporated into the base budget as one off
commitments for 2026-27 as detailed in paragraphs 2.17 and 2.18 of
the report;
 
That the Cabinet
further notes:
 
(a) The current
estimated reserves position set out in appendix 2 of the agenda
report, and
 
(b) The budget
variances included in the Draft Budget Spending Plan as set out in
appendix 1b of the agenda report.