Purpose

Proposed decision –

Cabinet is asked to:

a)    NOTE the revenue and capital forecast outturn position for 2026-27 detailed in the report, and accompanying appendices

b)    AGREE the revenue cash limit adjustments in 2026-27 to update the base budget position (per Appendix)

c)    AGREE the subsequent revenue and capital cash limit adjustments (per Appendix)

Reason for the decision

The forecast capital and revenue outturn position for the Council needs to be noted by Cabinet.  The revenue and capital budget changes need to be agreed by Cabinet.

Background

The report on the Council’s forecast financial position at the end of 2026-27 will be reported to Cabinet on 1 October 2026. The report provides detail of our forecast capital and revenue positions, reserves monitoring, Treasury Management and Prudential Indicators.

Cabinet is asked to note the Q1 position and to agree revenue and capital cash limit changes as detailed in the report.

Options (other options considered but discarded)

N/A

How the proposed decision supports the Council’s Strategic Statement

The Council’s strategic statement, Reforming Kent 2025-28, recognises the significant financial and demand pressures the Council faces, balancing the need to manage spending, deliver savings and generate income, whilst delivering positive outcomes for Kent residents, businesses and local communities.

The Council’s strategic statement acknowledges the significance of adults social care and SEND on the wider KCC budget position and therefore the need for the financial position to presented to Cabinet for consideration on a regular basis. The forecast outturn report for 2025-26 provides the detail of the financial position and the relevant information on the delivery of savings, reserves position and Treasury Management.

Decision

Cabinet agree to:

a)    NOTE the revenue and capital forecast outturn position for 2026-27 detailed in the report, and accompanying appendices

b)    AGREE the revenue cash limit adjustments in 2026-27 to update the base budget position (per Section 3)

c)    AGREE the subsequent revenue and capital cash limit adjustments (per Appendix 2 and 3)