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