Agenda item

Report of Assistant Director of Finance (S151 Officer) and Head of Chief Executive’s Office

Purpose of report

To report to Executive the council’s year-end financial, performance and risk position as of the end of financial year 2025-26. 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 finance, performance, and risk management report as at the end of financial year 2025/26.

1.2         To note the capital outturn position and approve the capital reprofiling held in Appendix 1.

1.3         To approve the use of reserves and grant funding detailed in Appendix 5.

1.4         To approve the use of reserves to be released in 2026/27 detailed in Appendix 6.

1.5         To note the balanced outturn position for 2025/26 after the proposed contributions to reserves.

Resolved

(1)            That the council’s finance, performance, and risk management report as at the end of financial year 2025/26 be noted.

(2)            That the capital outturn position be noted and the capital reprofiling (Appendix 1 to the report) be approved.

(3)            That the use of reserves and grant funding detailed in Appendix 5 to the report be approved.

(4)            That the use of reserves to be released in 2026/27 (set out in Appendix 6 to the report) be approved.

(5)            That the balanced outturn position for 2025/26 after the proposed contributions to reserves be noted.

The Assistant Director of Finance (S151 Officer) and Head of Chief Executive’s Office submitted a report to report to Executive the council’s year-end financial, performance and risk position as of the end of financial year 2025-26.

Resolved

(1)          That the council’s finance, performance, and risk management report as at the end of financial year 2025/26 be noted.

(2)          That the capital outturn position be noted and the capital reprofiling (Annex to the Minutes as set out in the Minute Book) be approved.

(3)          That the use of reserves and grant funding detailed in Appendix 5 to the report be approved.

(4)          That the use of reserves to be released in 2026/27 (set out in Appendix 6 to the report) be approved.

(5)          That the balanced outturn position for 2025/26 after the proposed contributions to reserves be noted.

Reasons

The report updates the Committee on the year-end financial, performance and risk 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 financial, performance and risk position up to the end of the financial year 2025-2026, therefore there are no alternative options to consider.