Decision - Targeted Budget Management (TBM) Provisional Outturn 2025/26

This report summaries the provisional outturn position for revenue and capital for 2025/26.

1) Cabinet notes that the provisional General Fund outturn position is a break-even position which is the same as the projected and planned resource position at Month 9 and taken into account when setting the 2026/27 budget. 2) Cabinet approves General Fund carry forward requests totalling £2.744m as detailed in Appendix 5 and assumed within the provisional outturn. 3) Cabinet notes the provisional outturn for the separate Housing Revenue Account (HRA), which is an overspend of £0.378m. 4) Cabinet notes the provisional outturn position for the ring-fenced Dedicated Schools Grant, which is an overspend of £1.762m. 5) Cabinet notes the provisional outturn position on the Capital Programme which is an underspend variance of £5.003m. 6) Cabinet approves the capital budget variations and re-profiling requests set out in Appendix 7. 7) Cabinet approves new capital schemes requested in Appendix 8. 8) Cabinet notes the Treasury Management end of year review 2025/26 as set out in Appendix 10. 9) Cabinet approves the transfer to ear marked reserves of £3.91m which is assumed within the provisional outturn and discussed at 4.9

The report reviews the council’s treasury management activity and performance during 2025/26. The council complied with its treasury strategy and borrowing limits, raised £135 million of HRA borrowing, and achieved investment returns above the benchmark.