URL: https://glostext.gloucestershire.gov.uk/ieDecisionDetails.aspx?ID=2569

Decision Maker: Cabinet

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: To approve the Medium-Term Financial Strategy (MTFS), final revenue and capital budget for 2026/27 and Precept to Council.

Content: Cllr Colin Hay sought Cabinet approval to recommend the draft revenue and capital budget, Precept and the Dedicated Schools Grant budget for 2026/27 – 2029/30 to Council.   Having considered all of the information, Cabinet noted the report and RESOLVED to:     1.              Consider the outcome of the budget consultation as set out in Appendix 3; and the report from the Corporate Overview and Scrutiny Committee (COSC) in Appendix 4. 2.              Approve the draft MTFS revenue and capital budget for recommendation to County Council – including the detailed revenue, capital and Dedicated School Grant budgets for 2026/27 – 2029/30 (Appendix 1).   3.              Consider and notes the Section 151 Officer Review of the Budget – Section 25 Statement (2026/27) as set out in Appendix 2.   4.              Note the schools funding allocations, the provisional local government finance settlement and forecast reserve movements as summarised in this report and set out in the MTFS.   5.              Recommend to Council a revenue budget of £697.799 million, a band D council tax of £1,763.46, and consequential precepts on District Councils.   6.              Note the Capital Strategy, and the Treasury Management Strategy & Investment Strategy, as set out in Annexes 7 & 9 of the detailed MTFS.   7.              Approve, subject to approval of the budget by County Council, necessary inflationary uplifts in adults and children services, at a cost of no more than £12.118 million (made up of £7.908 million for adult providers and £4.210 million for children providers).   8.              Subject to recommendation 7, delegates authority to:     a) The Director of Adult Social Care Commissioning in consultation with the Cabinet Member for Adults’ Support & Independence to negotiate, to agree and apply such uplifts to contracts with adult providers, not exceeding the total budget of £7.908 million.   b) The Director of Children’s Commissioning and Partnerships in consultation with the Cabinet Member for Children’s Safeguarding and Care to agree and apply such uplifts to contracts with children’s providers, not exceeding the total budget of £4.210 million.   9.              Approves redistribution of surplus reserve balances, as set out in paragraph 21 of this report, and Annex 5 of the MTFS document (Appendix 1).   10.          Delegate authority to the Executive Director of Economy, Environment, and Infrastructure in consultation with the S151 Officer, the Cabinet Member for Highways and the Cabinet Member for Sustainable Transport & Road Safety to:   a) Accept £249.5 million funding from the Department for Transport (DfT) for 2026/27 to 2029/30 as set out in paragraphs 29 to 31 below; b) Enter into a Memorandum of Understanding (MOU) for the funding;   c) Approve and submit a Local Transport Delivery Plan for 2026/27 and a draft outline plan for 2027/28 – 2029/30 to the DfT;     d) Note a future Cabinet paper will be taken that sets out the detailed delivery plan to 2029/30.          

Date of Decision: January 28, 2026