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Decision details

Financial Performance Report 2025-26 Quarter 1

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

The purpose of the report was to present the first 2025/26 budget monitoring position to Cabinet and seek Cabinet’s endorsement of the proposed financial management approach and related reserve transfers.

 

Councillor Patrick Coleman, Cabinet Member for Finance, introduced the report.

The recommendations were proposed by Councillor Patrick Coleman and seconded by Councillor Mike Evemy.

 

RESOLVED that Cabinet:

  1. Reviewed and noted the financial position set out in the report.
  2. Endorsed the approach to financial management for 2025/26 as set out in paragraph 4.8 of the report.
  3. Endorsed the principle to transfer any additional year-end surplus to the Transformation and Capacity Building earmarked reserves, as set out in paragraphs 4.10 to 4.11 of the report.
  4. Endorsed the principle of the transfer of 50% of any year-end Planning Fee income (over and above the budgeted level) to the Planning Appeals earmarked reserve, as set out in paragraph 4.22 of the report.

 

Voting Record:

8 For, 0 Against, 0 Abstentions.

 

Report author: Michelle Burge

Publication date: 05/09/2025

Date of decision: 04/09/2025

Decided at meeting: 04/09/2025 - Cabinet

Accompanying Documents:

 

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