URL: https://democracy.sholland.gov.uk/ieDecisionDetails.aspx?ID=1367

Decision Maker: Cabinet

Outcome:

Is Key Decision?: No

Is Callable In?: Yes

Purpose: To report on the Council’s Finances as at 31st March 2026.

Content: To report on the Council’s Finances as at 31st March 2026. It is recommended that Cabinet:   1)    Notes the General Fund draft outturn position for 2025/26 being an underspend of £258,000 as detailed in Appendix A - Table 1.   2) Approves the reserve transfers as set out in Appendix A – Table 2a.   3) Approve the use of the Neighbourhoods reserve of £130,000 in 2026/27 to support future Neighbourhood service delivery costs shown within Appendix A – Table 2a.   4) Approves the final Spalding Special Expenses revenue position of £76k and the transfer of the surplus to the Spalding Special Expenses reserve.   5) Notes the HRA draft outturn position for 2025/26, showing an underspend of £3.130m as set out in Appendix A - Table 3.   6) Notes the draft HRA capital position for 2025/26 as detailed in Appendix A – Table 4.   7) Approves the rephasing of the slippage of the existing HRA capital schemes into 2026/27 and the budgetary adjustment required, as outlined in Appendix A – Table 5.   8) Notes the draft General Fund capital position for 2025/26 as detailed in Appendix B – Table 1a.   9) Approves the rephasing of the slippage of the existing capital schemes into future financial years as outlined in Appendix B – Table 1d which include amendments to the Capital Programme at Appendix B – Table 1c and the addition to the capital programme in 2026/27 noted in Appendix B – Table 1d which will be financed via earmarked reserves.   RECOMMENDATIONS TO COUNCIL FROM CABINET:    It is recommended that Cabinet approves the following recommendations for onward referral to Full Council:   10) A capital addition of £2m within the HRA for 2026/27 to enable the continuation and expansion of energy efficiency improvements across the housing stock.   11) Notes the HRA draft outturn position for 2025/26, showing an underspend of £3.130m as set out in Appendix A - Table 3, and approves the transfer of this underspend to the HRA General Reserve. To ensure the Council’s draft outturn financial position for 2025/26 is noted and related decisions approved. It is important that the Cabinet are aware of the financial position of the General Fund and Housing Revenue Account. None None.

Date of Decision: June 30, 2026