URL: https://democracy.bathnes.gov.uk/ieDecisionDetails.aspx?ID=2463

Decision Maker: Cabinet

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: The report presents the revenue and capital outturn position for 2025/26. Further changes are not expected at this stage however the outturn is subject to external audit and any material issues arising will need to be adjusted for.

Content: The report presents the revenue and capital outturn position for 2025/26. Further changes are not expected at this stage however the outturn is subject to external audit and any material issues arising will need to be adjusted for. That Cabinet:   1)  Notes the Revenue Budget adverse net variance of £2.631m for 2025/26, after allowing for carry forwards and approved transfers to/from earmarked reserves.   2)  Approves the revenue carry forward proposals of £0.103m as set out in Table 2 of the report that are included within the £2.631m variance set out above.   3)  Approves that all other over budgets are “written-off” as an exception to the Budget Management Rules for 2025/26 and are proposed to be funded from Earmarked Reserves as set out below.   4)  Approves the transfer of £1.176m from the Commercial Income Risk Reserve and £1.455m from the Revenue Budget Contingency Reserve to fund the £2.631m overall adverse net variance on the Revenue Budget as recommended by the S151 Officer in consultation with the Cabinet Member for Resources and the Chief Executive.   5)  Notes the revenue virements for 2025/26 reported for information in Appendix 2(i) to the report.   6)  Notes the Schools and Dedicated Schools Grant position shown in paragraphs 3.13-3.19 of the report.   7)  Notes the reserve position shown in paragraphs 3.22-3.25 of the report.   8)  Notes the use of flexible capital receipts position shown in paragraph 3.26 of the report.   9)  Notes the Collection Fund position shows in paragraphs 3.27-3.37 of the report.   10)Notes the outturn position of the Capital Programme for 2025/26 in paragraphs 3.38-3.40 of the report, and the funding outlined in paragraphs 3.41-3.42 of the report.   11)Approves the capital rephasing and write-off of net underspends as listed in Appendix 3 to the report. This reflects the outturn spend position on projects against final budgets as detailed in Appendix 4(ii) to the report. The report provides information about the Council’s financial performance against its revenue and capital budgets in 2025/26. The option to carry forward over budgeted spend could be considered which would mean that services would have to make up any deficits in 2026/27 with a considerable likely impact on service delivery especially in light of the challenging economic environment in 2026/27 and possibly beyond.

Date of Decision: July 2, 2026