URL: https://democracy.warwickshire.gov.uk/ieDecisionDetails.aspx?ID=1186

Decision Maker: Cabinet

Outcome:

Is Key Decision?: No

Is Callable In?: No

Purpose: Financial outturn position for 2025-26.

Content: Resolved   That Cabinet   1.     Notes the net spend in 2025-26 and the consequent residual net revenue underspend of £3.329m (0.51% of Net Revenue Budget) for the organisation at the end of the year;    2.     Notes the significant underlying service overspend of £14.263m within directorates being covered by corporate provisions and Treasury Management returns;   3.     Notes the explanations and mitigating actions for variations to budgets, and the implications for the Medium-Term Financial Strategy, as set out in Appendix A to the report;   4.     Approves the use of £5.664m from Earmarked Reserves to fund the 202526 revenue position, as outlined in Section 5 of and Appendix E to the report;   5.     Notes the delivery of £14.714m (67.4%) savings in 2025-26, a shortfall of £7.131m against the target of £21.846m, as set out in Section 4 of the report;   6.     Approves the re-phasing of a total of £0.242m 2025-26 revenue budget allocations into 2026-27, as outlined in Appendix D to the report;   7.     Approves the drawdown of £1.132m from the Revenue Investment Funds to support the delivery of the Council Plan in 2026-27, as outlined in Section 6 of and Appendix C to the report;   8.     Notes the total capital spend in 2025-26 of £133.399m; and   9.     Approves the reprofiling of £95.012m of Services’ capital spend from 2025-26 into future years.

Date of Decision: June 11, 2026