Decision details
Financial Performance Report 2025-26 Quarter 2
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Decision:
The purpose of the report was to set out the second quarterly budget monitoring position for the 2025/26 financial year.
Councillor Patrick Coleman, Cabinet Member for Finance, introduced the report and highlighted that the report notified members of any significant variations to budgets, highlighted any key financial issues, and informed members of options and further action to be taken.
The recommendations were proposed by Councillor Coleman and seconded by Councillor Mike Evemy.
Resolved that Cabinet:
1. Reviewed and noted the financial position set out in this report.
2. Approved the additional transfers to earmarked reserves as set in paragraph 4.13 of the report.
3. Endorsed the principle to transfer 100% of any year-end Planning Fee income (over and above the budgeted level) to the Planning Appeals earmarked reserve, as set out in paragraph 4.24 of the report.
4. Approved the reallocation of the UKSPF capital budget as follows:
a. £0.229m to Rural England Prosperity
b. £0.060m to UK Shared Prosperity Fund (UKSPF Capital)
Voting record:
7 For, 0 Against, 0 Abstentions.
Report author: Michelle Burge
Publication date: 09/01/2026
Date of decision: 08/01/2026
Decided at meeting: 08/01/2026 - Cabinet
Effective from: 17/01/2026
Accompanying Documents:
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