Purpose

Cabinet is recommended to note the Revenue and Capital Outturn for 2026/27.

Decision

Cabinet:

(1)          noted the Revenue position and the use of £2.710m drawdown from the Budget Strategy Reserve (BSR) to achieve a net nil position;

(2)          noted the Capital Outturn for 2025/26 and slippage of £28.716m, which represents 17% of the overall budget;

(3)          approved the net additions and deletions of £6.127m, and net accelerations and slippage of £34.844m, listed in Appendix 4 of the report - Capital Outturn Movements;

(4)          noted the outturn position in relation to the Housing Revenue Account which is a transfer to reserves of £6.732m to achieve a balanced position, which compared to the budgeted position of £1.120m, is an additional transfer of £5.612m; and

(5)          noted the DSG net deficit carried forward at 31st March 2026, of £14.320m.

Options & Alternatives Considered

Much of this report is concerned with provision of information, for which alternative options is not a relevant consideration. The carry-forward proposals were considered and are recommended for approval where there was sufficient justification.