Content

The purpose of the report was to set out the
second quarterly budget monitoring position for the 2025/26
financial year.
 
Councillor Patrick Coleman, Cabinet Member for
Finance, introduced the report and highlighted that the report
notified members of any significant variations to budgets,
highlighted any key financial issues, and informed members of
options and further action to be taken.
 
The recommendations were proposed by
Councillor Coleman and seconded by Councillor Mike Evemy.
 
Resolved that Cabinet:

1.   
Reviewed and noted the financial
position set out in this report.

2.   
Approved the additional transfers
to earmarked reserves as set in paragraph 4.13 of the
report.

3.   
Endorsed the principle to transfer
100% of any year-end Planning Fee income (over and above the
budgeted level) to the Planning Appeals earmarked reserve, as set
out in paragraph 4.24 of the report.

4.   
Approved the reallocation of the
UKSPF capital budget as follows:

a.   
£0.229m to Rural England
Prosperity

b.   
£0.060m to UK Shared
Prosperity Fund (UKSPF Capital)
 
Voting record:
7 For, 0 Against, 0 Abstentions.