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.