Councillor Chris O'Leary

Liquidation of Cheshire Energy Network Ltd

From: Finance Sub-Committee - Monday, 3rd November, 2025 2.00 pm - November 03, 2025

...to liquidate Cheshire Energy Networks Ltd and authorize officers and directors to take all necessary steps to do so.

Recommendations Approved

Second Financial Review 2025/26

From: Finance Sub-Committee - Monday, 3rd November, 2025 2.00 pm - November 03, 2025

...that the Finance Sub-Committee approved the recommendations within the Second Financial Review 2025/26 report, including reviewing the factors leading to a forecast adverse net revenue financial pressure, reviewing in-year forecast capital spending, approving a temporary budget virement, recommending Council approval for a supplementary revenue estimate request, noting capital virements and budget reductions, and noting the available reserves position.

Recommendations Approved

Minutes of Previous Meeting

From: Corporate Policy Committee - Thursday, 2nd October, 2025 10.30 am - October 02, 2025

Recommendations Approved

First Financial Review 25/26

From: Corporate Policy Committee - Thursday, 2nd October, 2025 10.30 am - October 02, 2025

... that the Corporate Policy Committee recommended forwarding the First Financial Review 25/26 report, which updates members on the Council's latest financial position based on first-quarter forecasts, to the Council for approval and scrutinised the contents of Annex 1, Section 2 and reviewed progress on the delivery of the MTFS approved budget policy change items, the RAG ratings and latest forecasts, and to understand the actions to be taken to address any adverse variances from the approved budget.

Recommmend Forward to Council

Medium Term Financial Planning Assumptions Update 2025/26 - 2028/29

From: Corporate Policy Committee - Thursday, 2nd October, 2025 10.30 am - October 02, 2025

...to note the updated budget assumptions for the period 2026/27 to 2029/30 including sensitivity analysis, to note the Finance Sub-Committee's recommendation to work with officers and members to bring forward further budget change proposals to assist with presenting a balanced budget for 2026/27 (making use of Exceptional Financial Support) for consultation in November 2025, to delegate to the S151 Officer the permission to continue dialogue with MHCLG on the continued use of Exceptional Financial Support over the life of this MTFS (2029/30) with regular updates to be provided to Chair and Vice Chair of both Corporate Policy Committee and Finance-Sub Committee on progress made, and to approve the approach to consultation and engagement, including immediate engagement during October through a high level prioritisation survey and a full consultation on potential detailed budget change proposals from the beginning of November through to the end of January 2026.

Recommendations Approved (subject to call-in)