Issue - meetings
Financial Performance Report 2025-26 Quarter 2
Meeting: 08/01/2026 - Cabinet (Item 15.)
15. Financial Performance Report 2025-26 Quarter 2 
PDF 946 KB
Purpose:
This report sets out the second quarterly budget monitoring position for the 2025/26 financial year.
Recommendations:
That Cabinet resolves to:
1. Review and note the financial position set out in this report.
2. Approve the additional transfers to earmarked reserves as set in paragraph 4.11 of the report.
3. Endorse 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 4.22 of the report.
4. Approve 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)
This results in a net reduction of £0.038m, in line with allocations from Government.
Additional documents:
- Annex A - Capital Programme 202526_Q2, item 15.
PDF 637 KB
- Annex B Q2 2025-26-Non Treasury Prudential Indicators, item 15.
PDF 488 KB
- Webcast for Financial Performance Report 2025-26 Quarter 2
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.
Meeting: 05/01/2026 - Overview and Scrutiny Committee (Item 285)
285 Financial Performance Report 2025-26 Quarter 2 PDF 963 KB
Purpose
This report sets out the second quarterly budget monitoring position for the 2025/26 financial year.
Cabinet Member
Councillor Patrick Coleman, Cabinet Member for Finance
Lead Officer
David Stanley, Deputy Chief Executive Officer and S151
Additional documents:
- Annex A - Capital Programme 202526_Q2, item 285
PDF 637 KB
- Annex B Q2 2025-26-Non Treasury Prudential Indicators, item 285
PDF 490 KB
- Webcast for Financial Performance Report 2025-26 Quarter 2
Minutes:
The purpose of the report was to set out the second quarterly budget monitoring position for the 2025/26 financial year.
The report was introduced by Councillor Patrick Coleman, Cabinet Member for Finance, and David Stanley, Deputy Chief Executive. The report was introduced and the following points made:
- The financial outturn showed several positive variances, with transfers to earmarked reserves helping to mitigate future financial pressures.
- Additional income from development management fees being set aside in an appeals reserve, savings from vacancy management transferred to reserves, and additional treasury management income allocated to support longer-term financial resilience in the context of LGR and potential interest rate reductions.
- Car parking income was also reported to be performing positively, with additional income forecast at Quarter 2 and strong performance into Quarter 3.
In questioning and discussion, the following points were noted:
- Vacant posts in transformation, learning and organisational development, and strategic housing had been reviewed as part of the Council’s vacancy management process. The Council had appointed a Transformation Support Officer and determined that sufficient capacity existed to deliver the transformation programme before LGR. The Learning and Organisational Development roles were no longer considered necessary in the context of LGR. In relation to strategic housing, it was concluded that existing resources were sufficient. These decisions had contributed to the release of £710,000 to reserves.
- Additional costs of supporting the Corporate Plan would depend on how the LGR programme was developed and funded across the county. The £710,000 transferred to the capacity-building reserve by Quarter 2 indicated the likely scale of support required. Any additional LGR-related costs would be considered as part of the budget-setting process in February, with a detailed assessment included in the Budget and Medium-Term Financial Strategy. £1 million over the next two financial years was the level of reserve that might be required to support service delivery.
- The refreshed Corporate Plan did not require additional resources to deliver its priorities.
- The Council reviewed how waste was collected in Bourton-on-the-Water, including considering the use of fewer but larger bins to reduce collection requirements and address areas with persistent waste issues. Work was also underway with fast-food outlets, and a pilot scheme was expected to be introduced.
Break 17:28 – 17:33