Issue - meetings

Finance Monitoring Report - 2025/26 Outturn

 

 

Meeting: 30/06/2026 - Budget Planning Committee (Item 9)

9 End of Year 2025/2026 Finance Report pdf icon PDF 1 MB

Report of Assistant Director of Finance (Section 151 Officer)

 

Purpose of report

 

To report to the committee the council’s financial position at the end of the financial year 2025-2026.

 

Recommendations

 

The Budget Planning Committee resolves:

 

1.1     To note the contents of this report.  

Additional documents:

Decision:

(1)      That the report be noted.

 

Minutes:

The Assistant Director of Finance (Section 151 Officer) submitted a report to report to the Committee the council’s financial position at the end of the financial year 2025-2026.

 

In introducing the report, as the Portfolio Holder for Finance, Councillor Hingley, reported that the council’s overall year-end position for 2025/26 was an overspend of £0.114m before contributions to / from reserves, after which the overall year end position was balanced.

 

In response to a question regarding the use of £2.1m reserves to fund a business rates shortfall in 2025/26, the Head of Finance advised that the shortfall was due to a higher levy on growth and lower pooling income than estimated.

 

Resolved

 

(1)      That the report be noted.