URL: https://northnorthants.moderngov.co.uk/ieDecisionDetails.aspx?ID=2132

Decision Maker: Executive

Outcome:

Is Key Decision?: Yes

Is Callable In?: No

Purpose:

Content: RESOLVED   KEY DECISION   That the Executive:   a)        Noted the Council’s forecast outturn position for 2025/26 for the following revenue funds as set out in Appendix A of the report:   i)          General Fund – overspend of £9.421m ii)         Housing Revenue Account (HRA) – underspend of £978k iii)        Dedicated Schools Grant (DSG) – deficit position of £18.668m   b)        Noted the provisional capital outturn position and indicative funding for the General Fund (GF) Capital Programme and Housing Revenue Account (HRA) Capital Programme for 2025/26 as forecast at Quarter 1, as included in the Appendix A and B of the report.   c)         Approved the budget re-profiling across the MTFP Capital Programme as set out in Appendix C of the report.   d)        Approved the 2025/26 budget consolidations as set out in Appendix D of the report.   e)        Noted the Capital Prudential Indicators for Quarter 1 as set out in Appendix E of the report.   f)          Noted the Council’s treasury management activities and performance for the quarter ended 30th June 2025 for the financial year ending 31st March 2026 and the performance achieved as set out in Appendix F of the report.   g)        Noted the assessment of the current deliverability of the 2025/26 General Fund savings proposals as set out in Appendix A of the report.   Reasons for Recommendations:   i)          To note the forecast financial position for 2025/26 as at Period 3 and consider the impact on this year and future years budgets.   ii)         The Council’s Treasury Management Strategy Statement (TMSS) is underpinned by the CIPFA Code of Practice on Treasury Management (“the Code”) which requires that members are informed of treasury management activities on a quarterly basis each financial year. Full Council has delegated the formulation and monitoring of the Council’s treasury management strategy, policy, and activity to the Executive Committee.    Alternative Options Considered - The report focuses on the forecast revenue outturn against budget for 2025/26 and makes recommendations for the Executive to note the current budgetary position as such there are no specific choices within the report.    

Date of Decision: August 12, 2025