URL: https://governance.enfield.gov.uk/ieDecisionDetails.aspx?ID=558

Decision Maker:

Outcome:

Is Key Decision?: No

Is Callable In?: Yes

Purpose:

Content: DECISION: The Cabinet agreed to:         I.         Note the borrowing and investments position and estimates as at 30th June 2026 and Quarter 1 (Q1) estimates for financial year 2026/27.     II.         Note that the separate Q1 Revenue and Capital Financial Monitoring report on this agenda requests a reduction of the capital financing budget by £3m (to be vired to Adult Social Care).    III.         Approve the principle that any further capital financing underspends (beyond the £3m vired to Adult Social Care) will be used to repay debt (as Voluntary Minimum Revenue Provision).  

Date of Decision: September 9, 2026