Decision

The Cabinet has decided to approve an increase in the net revenue budget and re-set the capital budget for 2025/26.

Analysis

outcome: The Cabinet approved the increase in the net revenue budget to £1,274.6m and re-set the capital budget for 2025/26 to £346.5m.

summary: The decision involves approving an increase in the net revenue budget and re-setting the capital budget for 2025/26 due to funding announced as part of the Final Local Government Finance Settlement.

topline: The Cabinet has decided to approve an increase in the net revenue budget and re-set the capital budget for 2025/26.

reason_contentious: This issue may be contentious as it involves allocating funds and potential risks and opportunities in the Council's budget position.

affected_stakeholders: ["Cabinet members", "Council staff", "Local residents"]

contentiousness_score: 6

political_party_relevance: There are no explicit mentions of political parties in the decision.

URL: https://mycouncil.surreycc.gov.uk/ieDecisionDetails.aspx?ID=6022

Decision Maker: Cabinet

Outcome:

Is Key Decision?: No

Is Callable In?: Yes

Purpose:

Content: RESOLVED:   That Cabinet approves the increase in the net revenue budget to £1,274.6m due to the funding announced as part of the Final Local Government Finance Settlement (paragraphs 1-2).   That Cabinet approves the re-set of the capital budget for 2025/26 to £346.5m (paragraphs 14-17), including an increase of £4.1m relating to additional grant income for highways maintenance and the Surrey Quality Bus Corridor Improvement.   That Cabinet notes the Council’s forecast revenue budget and capital budget positions for the year.   That Cabinet notes the risks and opportunities identified in relation to the Council’s budget position for the year.   That Cabinet approves the allocation of £4.05m from the Your Fund Surrey capital allocation for 2025/26, to extend the small fund scheme, allocating £50k to each Councillor (para 18).   Reasons for Decisions:   This report complies with the agreed policy of providing a monthly budget monitoring report to Cabinet for information and for approval of any necessary actions.   (The decisions on this item can be called-in by the Resources and Performance Select Committee)

Date of Decision: July 22, 2025