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The
Cabinet had before it a report * from the Deputy Chief Executive
(S151) presenting the 2026/27 Budget.
 
RESOLVED that Cabinet recommend
to Council:
 

Capital Strategy and 2026/27 – 2030/31 Capital
Programme:

That the 2026/27 Capital Strategy within Appendix 1, including
the prudential indicators for the next 3 years associated with the
proposed Capital Programme contained within Annex 1, be
APPROVED.
That the Capital Programme consisting of new and existing
projects totalling £127,260k with a profiled spend forming a
Deliverable Capital Programme for 2026/27 of £48,929k
(Annexes 1a, 1b, 2 and 3 to Appendix 1) be APPROVED. (Note
this is inclusive of forecast slippage as at Quarter 3 from the
existing Capital Programme and will be finalised and formal
approval sought as part of 2025/26 Outturn report).
That the Indicative Capital Programme for the General Fund and
Housing Revenue Account covering the years 2027/28 to 2030/31 was
NOTED.

Treasury Management Strategy:

The
proposed Treasury Management Strategy and Annual Investment
Strategy for 2026/27 set out within Appendix 2, including the
relevant prudential indicators for the next 3 years and the Minimum
Revenue Provision Statement, be APPROVED.
approved.

2026/27 Revenue Budget:

That the overall budgeted Net Direct Cost of Services within the
General Fund of £16,239,090 for 2026/27 as detailed within
Appendix 3 (p2 – 27) and inclusive of the proposed balancing
adjustments included within Table 1 in paragraph 8.3 be
APPROVED.

That the Council Tax Requirement for the Council be set at
£7,679,360 for 2026/27, calculated using a Council Tax of
£246.29 for a Band D property, an increase of £7.17 or
2.99% from 2025/26, and a Tax Base of 31,180.16, in accordance with
the Local Authorities (Calculation of Tax Base) Regulation 1992, as
amended, after the relevant adjustments in respect of the Council
tax support scheme approved by Cabinet on 2 December 2025 be
APPROVED.
All of the
transfers to and from Earmarked Reserves as detailed in Appendix 3
(p28) be APPROVED.
The
HRA budget for 2026/27 as detailed within Appendix 3 (p29 –
37), with total income of £16,593,445, less direct costs of
£13,191,095, internal charges of £2,112,250 and capital
financing of £1,290,200 inclusive of the proposed balancing
adjustments included within Table 5 in paragraph 11.6 be
APPROVED.
The
future MTFP forecast as outlined within Appendix 5a and 5b and that
work on strategic planning for delivering a balanced budget for
2027/28 and beyond is commenced immediately be
NOTED.

Cabinet APPROVED:

The
proposed Fees and Charges for 2026/27 as set out in Appendix 4
including the amendment highlighted in the
introduction.
That the HRA included a rent convergence charge from 2027/28 for
the relevant council house properties currently below formula rent
to a maximum permitted per week in accordance with the government
mechanism. This convergence charge would be included as applicable
within the annual rent increase from April 2027.

 
Note: * Report previously circulated.