Decision
Analysis
outcome: The Cabinet recommends the Council to approve the proposed transfer of the remaining outturn surplus to earmarked revenue reserves and the addition to the 2026/27 revenue budget.
summary: The decision is to note the revenue outturn position against the budget for 2025/26.
topline: The Cabinet has decided to note the revenue outturn position and recommend the Council to approve budget allocations for 2025/26 and 2026/27.
reason_contentious: This issue is not particularly contentious as it mainly involves financial matters and budget allocations.
affected_stakeholders: ["Cabinet", "Council members", "Local residents"]
contentiousness_score: 2
political_party_relevance: There are no mentions or implications of political parties or political influence on the decision.
URL: https://democracy.basingstoke.gov.uk/ieDecisionDetails.aspx?ID=500000030
Decision Maker: Cabinet
Outcome:
Is Key Decision?: No
Is Callable In?: No
Purpose: To note the revenue outturn position against the budget for 2025/26
Content: To note the revenue outturn position against the budget for 2025/26 Cabinet note: 1. The net revenue expenditure on services in 2025/26, after grant and income carry forwards, resulted in a favourable variance of £1.51M lower than the budget approved by Council in February 2025, as detailed in sections 2 and 6 of the report; 2. The year end contributions to reserves that have been proposed in line with financial policies, as detailed in section 3 of the report. 3. The achievement of planned savings and pressures for 2025/26 as detailed in section 7 of the report; and 4. That budget virements amounting to £0.05M were processed during quarter four, as summarised in section 8 of the report; Cabinet recommends Council to approve: 5. The proposed transfer of the remaining outturn surplus of £1.51M after grant and income reserve transfers, to earmarked revenue reserves as detailed in section 3of the report: · To the Budget Carry Forward Reserve £0.58M for release in future years as required; and · To the MTFS Risk Reserve £0.93M 6. The proposed addition to the 2026/27 revenue budget, from the MTFS risk reserve, to fund to the lease surrender for the Winklebury Stadium as detailed in section 9 of the report.
Date of Decision: July 9, 2026