URL: https://mansfield.moderngov.co.uk/ieDecisionDetails.aspx?ID=1864

Decision Maker: Portfolio Holder for Corporate and Finance

Outcome:

Is Key Decision?: No

Is Callable In?: No

Purpose: 1.1This report provides the Council’s forecasted year end position for the revenue and capital budgets for the 2025/26 financial year, and the impact on both the General Fund and Housing Revenue Account (HRA) level of general balances. 1.2Where there have been significant variations between budget and the forecasted position for each service, explanations have been provided within the appendices.

Content:   Resolved by the Portfolio Holder for Corporate & Finance That the General Fund budget virements between Planned Preventative Works scheme budgets totalling £21,394 in Appendix 2.3 be approved. Recommendation to Council (i)                      That the General Fund budget virement between Spider Park and Car Parks of £600,000 Appendix 2.3 be approved. (ii)                      That the virements totalling £1.028 million between Housing Revenue Capital budgets, as detailed in Appendix 2.4 be approved. (iii)                     That the General Fund capital programme carry forwards of £18.751 million from 2025/2026 financial year, as detailed in Appendix 2.5 be approved. (iv)                   That the Housing Revenue Account Capital Programme carry forwards of £15.556 million from 2025/2026 financial year, as detailed in Appendix 2.6 be approved.       The Council approved its revenue and capital budgets for the 2025/26 financial year at its full Council meeting on 4 February 2025 and this report sets out the Quarter 2 forecast position against the budget. The report also seeks approval of Council in line with the constitution This report is for information only.  

Date of Decision: January 30, 2026