Issue - meetings

Report of Assistant Director of Finance (Section 151 Officer)

Purpose of report

To report to the Executive the council’s forecast year-end financial position as at the end of the January 2026. Further detail can be found in the report and its appendices.

Recommendations

The Executive resolves:

1.1           To consider and note the contents of the council’s financial management report as at the end of January 2026.

1.2           To approve the Use of Reserves as detailed in Appendix 4.

1.3           To approve the Write Offs as detailed in exempt Appendix 5.

1.4           To approve the Corporate Debt Policy as set out at Appendix 6.

Resolved

(1)          That the council’s financial management report as at the end of January 2026 be noted.

(2)          That the Use of Reserves (Appendix 4 to the report) be approved.

(3)          That Write Offs (exempt Appendix 5 to the report) be approved.

(4)          That the Corporate Debt Policy be approved.

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

Resolved

(1)          That the council’s financial management report as at the end of January 2026 be noted.

(2)          That the Use of Reserves (Annex to the Minutes as set out in the Minute Book) be approved.

(3)          That Write Offs (exempt Annex to the Minutes as set out in the Minute Book) be approved.

(4)          That the Corporate Debt Policy be approved.

Reasons

The report updates Executive on the projected year-end financial position of the council for 2025/26. Regular reporting is key to good governance and demonstrates that the council is actively managing its financial resources sustainably.

Alternative options

Option 1: This report summarises the council’s forecast revenue financial position up to the end of March 2026, therefore there are no alternative options to consider.