2025/26 FINANCIAL OUTTURN REPORT

May 26, 2026 Cabinet (Cabinet collective) Key decision Approved View on council website

This summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.

Summary

Surrey County Council Cabinet approved the 2025/26 financial outturn report on 26/05/2026. The council recorded a £1.2m underspend against the revenue budget and approved capital carry-forwards of £7.1m into the 2026/27 capital programme. The Cabinet also approved the transfer of the £1.2m net underspend to the Budget Equalisation Reserve and the creation of a Public Health Reserve.

Full council record

Purpose

To consider the month end budget report and make any recommendations as appropriate.

Decision

RESOLVED:

That Cabinet notes the Council’s outturn position for revenue and capital for 2025/26.
That Cabinet approves the contribution of the £1.2m surplus to the Budget Equalisation Reserve.
That Cabinet approves the creation of an earmarked reserve for Public Health, with an opening 2026/27 balance of £0.3m.
That Cabinet approves capital carry forwards of £7.1m into the 2026/27 capital programme.

(The decisions on this item can be called-in by the Resources and Performance Select Committee)

Supporting Documents

Details

Reference	Call-ins0
Outcome	Recommendations Approved
Decision date	26 May 2026
Effective from	3 Jun 2026
Expected date	26 May 2026
Originally due	26 May 2020
Lead officer	Rachel Wigley
Subject to call-in	Yes