URL: https://governance.enfield.gov.uk/ieDecisionDetails.aspx?ID=530

Decision Maker: Cabinet

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: This report to Cabinet sets out the 2025/26 draft outturn position for Revenue, Capital, Housing Revenue Account (HRA) & Dedicated Schools Grant (DSG)

Content: The Cabinet agreed to:         I.         Approve the transfer of £3.6m to risk reserves assuming the final government approval is received for £10m of Adult Social Care overspends to be funded by proceeds from sold assets.     II.         Approve the transfer of £1.3m to the Collection Fund smoothing reserve following additional Section 31 payments in 2025/26.    III.         Approve the transfer of £3.6m from released insurance provisions to the General Fund insurance reserve to ensure alignment with actuarial advice.   IV.         Approve the carry forward of £16.7m capital budgets from 2025/26 to 2026/27 under delegated authority from Full Council (KD 5994) (Appendix D).     V.         Recommend that Full Council notes that during 2025/26 £1.7m of an existing revenue Energetik loan was reclassified as capital (para 8.8).

Date of Decision: June 24, 2026