Agenda item

Report of Assistant Director Finance (Section 151 Officer)

 

Purpose of report

 

To consider and agree the Budget Setting for 2026/27 and MTFS 2030/31 as per the recommendations.

 

Recommendations

 

Council resolves to:

 

1.1         Have regard to the statutory report of the Chief Finance Officer (Section 25 report) at Appendix 3 in approving recommendations 1.2 – 1.10. 

 

1.2         Approve the proposed Fees and Charges schedule for 2026/27 (Appendix 7) and statutory notices be placed where required.

 

1.3         Consider and note the Equality Impact Assessments of the Budget (Appendix 8)

 

1.4         In relation to the Corporate Plan (Section 4.1) to:

 

1.4.1    Note the Corporate Plan Vision and Strategy set out in Appendix 1.

 

1.4.2    Approve the Annual Delivery Plan set out in Appendix 2.

 

1.5         In relation to the Revenue Budget Strategy (Section 4.2) and Medium-Term Financial Strategy (MTFS) (Section 4.6) to approve:

 

1.5.1    The net revenue budget for the financial year commencing on 1 April 2026, as set out in Table 4.2.1, and further analysed in the Budget Book provided at Appendix 12.

 

1.5.2    The MTFS and Revenue Budget 2026/27 (Sections 4.6 and 4.2 respectively), including the Savings Proposals and Investments included at Appendices 4 and 5 respectively.

 

1.6         In relation to Council Tax (Section 4.2.51) to approve:

 

1.6.1    An increase in the Basic Amount of Council Tax for Cherwell District Council for the financial year beginning on 1 April 2026 of £5, resulting in a Band D charge of £163.50 per annum.

 

1.6.2    From 1 April 2027 the implementation of a premium (second homes premium) of 100% for dwellings that are no one’s sole or main residence and are substantially furnished, following consultation undertaken in November and December 2024 which showed 88% support for the introduction.

 

1.6.3    That the mandatory notice of 12 months to all owners of second homes that a premium will commence from 1 April 2027 be issued.

 

1.6.4    That relevant exceptions be applied as set out by Government guidance (Appendix 24).

 

1.6.5    It be noted that the Council Tax Base 2026/27 was determined at the Executive meeting held on 6 January 2026:

 

a)            for the whole Council area as 60,654.5 [item T in the formula in Section 31B of the Local Government Finance Act 1992, as amended (“the 1992 Act”)]; and

 

b)            For dwellings in those parts of its area to which a Parish Precept relates as in the attached Appendix 23.

 

1.6.6    That the Council Tax requirement for the Council’s own purposes for 2026/27 (excluding Parish Precepts and Special Expenses) is £9,917,011.

 

1.6.7    following amounts be calculated for the year 2026/27 in accordance with Sections 31 to 36 of the 1992 Act:

 

a)            £162,009,253 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A (2) of the 1992 Act, taking into account all precepts issued to it by Parish Councils and any additional special expenses.

 

b)            £145,153,645 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A (3) of the 1992 Act.

 

c)            £16,855,608 being the amount by which the aggregate at 3(a) above exceeds the aggregate at 3(b) above, calculated by the Council, in accordance with Section 31A (4) of the 1992 Act, as its Council Tax requirement for the year (Item R in the formula in Section 31B of the 1992 Act).

 

d)            £277.90 being the amount at 3(c) above (Item R), all divided by Item T (1(a) above), calculated by the Council, in accordance with Section 31B of the 1992 Act, as the basic amount of its Council Tax for the year (including Parish Precepts and Special Expenses).

 

e)            £6,938,598 being the aggregate amount of all special items (Parish Precepts and Special Expenses) referred to in Section 34(1) of the 1992 Act as per the attached Appendix 23.

 

f)             £163.50 being the amount at 3(d) above less the result given by dividing the amount at 3(e) above by Item T(1(a) above), calculated by the Council, in accordance with Section 34(2) of the 1992 Act, as the basic amount of its Council Tax for the year for dwellings in those parts of its area to which no Parish Precept or special item relates.

 

1.6.8    It be noted that for the year 2026/27 the Oxfordshire County Council and the Police and Crime Commissioner for Thames Valley have issued precepts to the Council, in accordance with Section 40 of the 1992 Act, for each category of dwellings in the Council’s area as indicated below:

 

Valuation Band	Oxfordshire County Council	Police and Crime Commissioner for Thames Valley
	£	£
A	1,337.85	198.85
B	1,560.83	232.00
C	1,783.80	265.14
D	2,006.78	298.28
E	2,452.73	364.56
F	2,898.68	430.85
G	3,344.63	497.13
H	4,013.56	596.56

 

1.6.9    The Council, in accordance with Sections 30 and 36 of the 1992 Act, hereby sets the amounts shown in Appendix 24 as the amounts of Council Tax for the year 2026/27 for each part of its area and for each of the categories of dwellings.

 

1.6.10The Council has determined that its relevant basic amount of Council Tax for 2026/27 is not excessive in accordance with principles approved under Section 52ZB of the 1992 Act.

 

1.7         In relation to the Capital Programme and related strategies (Section 4.3) to approve:

 

1.7.1    The Capital Bid(s) and Capital Programme at Appendices 17 and 18 respectively.

 

1.7.2    The Capital and Investment Strategy 2026/27 (Appendix 19), including the Minimum Revenue Provision (MRP) Policy.

 

1.7.3    The Treasury Management Strategy, including the Prudential Indicators, and Affordable Borrowing Limit for 2026/27 (Appendix 21).

 

1.8         In relation to reserves (Section 4.4) to approve:

 

1.8.1    A minimum level of General Balances of £8.011m as supported by Appendix 15.

 

1.8.2    The Reserves Policy (Appendix 14).

 

1.8.3    The medium-term reserves plan described in Appendix 16.

 

1.9         In relation to the Pay Policy Statement approve:

 

1.9.1    The Pay Policy Statement, as required by the Localism Act 2010, detailed in Appendix 9.

 

1.10      In relation to the Pension Fund (Section 4.5) to:

 

1.10.1Approve a pension fund prepayment for the years 2026/27 – 2028/29 of £5.028m.

 

 

 

Resolved

 

(1)          That, having due regard, the statutory report of the Chief Finance Officer (Section 25 report) be noted.

 

(2)          That the proposed Fees and Charges schedule for 2026/27 be approved and it be noted that statutory notices would be placed where required.

 

(3)          That, having given due consideration, the Equality Impact Assessments of the Budget be noted.

 

(4)          That the Corporate Plan Vision and Strategy be noted.

 

(5)          That the Annual Delivery Plan be approved.

 

(6)          That, in relation to the Revenue Budget Strategy and Medium-Term Financial Strategy (MTFS), the following net directorate revenue budgets for the financial year commencing on 1 April 2026 be agreed.

 

Directorate	Net budget 2026/27 £m
Chief Executive’s Office	2.402
Resources	9.978
Neighbourhood Services	8.888
Place and Regeneration	0.865
Service Sub-total	22.133
Corporate Costs	6.655
Policy Contingency	2.179
Development Funds	1.300
Net Cost of Services	32.267

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(7)          That the Medium Term Financial Strategy and Revenue Budget 2026/27, including the Savings Proposals and Investments be approved.

 

(8)          That an increase in the Basic Amount of Council Tax for Cherwell District Council for the financial year beginning on 1 April 2026 of £5, resulting in a Band D charge of £163.50 per annum, be approved.

 

(9)          That, following consultation undertaken in November and December 2024 which showed 88% support for the introduction, the implementation from 1 April 2027 of a premium (second homes premium) of 100% for dwellings that are no one’s sole or main residence and are substantially furnished be approved.

 

(10)       That it be approved that the mandatory notice of 12 months to all owners of second homes that a premium will commence from 1 April 2027 be issued.

 

(11)       That it be approved that relevant exceptions be applied as set out by Government guidance (Appendix 24 to the report).

 

(12)       That it be noted that that the Council Tax Base 2026/27 was determined at the Executive meeting held on 6 January 2026:

 

a)            for the whole Council area as 60,654.5 [item T in the formula in Section 31B of the Local Government Finance Act 1992, as amended (“the 1992 Act”)].

 

b)            For dwellings in those parts of its area to which a Parish Precept relates (Appendix 23 to the report).

 

(13)       That it be agreed that the Council Tax requirement for the Council’s own purposes for 2026/27 (excluding Parish Precepts and Special Expenses) is £9,917,011.

 

(14)       That the following amounts be calculated for the year 2026/27 in accordance with Sections 31 to 36 of the 1992 Act:

 

a)            £162,009,253 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A (2) of the 1992 Act, taking into account all precepts issued to it by Parish Councils and any additional special expenses.

 

b)            £145,153,645 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A (3) of the 1992 Act.

 

c)            £16,855,608 being the amount by which the aggregate at 3(a) above exceeds the aggregate at 3(b) above, calculated by the Council, in accordance with Section 31A (4) of the 1992 Act, as its Council Tax requirement for the year (Item R in the formula in Section 31B of the 1992 Act).

 

d)            £277.90 being the amount at 3(c) above (Item R), all divided by Item T (1(a) above), calculated by the Council, in accordance with Section 31B of the 1992 Act, as the basic amount of its Council Tax for the year (including Parish Precepts and Special Expenses).

 

e)            £6,938,598 being the aggregate amount of all special items (Parish Precepts and Special Expenses) referred to in Section 34(1) of the 1992 Act as per the attached Appendix 23.

 

f)             £163.50 being the amount at 3(d) above less the result given by dividing the amount at 3(e) above by Item T(1(a) above), calculated by the Council, in accordance with Section 34(2) of the 1992 Act, as the basic amount of its Council Tax for the year for dwellings in those parts of its area to which no Parish Precept or special item relates.

 

(15)       That it be noted that for the year 2026/27 the Oxfordshire County Council and the Police and Crime Commissioner for Thames Valley have issued precepts to the Council, in accordance with Section 40 of the 1992 Act, for each category of dwellings in the Council’s area as indicated below:

 

Valuation Band	Oxfordshire County Council	Police and Crime Commissioner for Thames Valley
	£	£
A	1,337.85	198.85
B	1,560.83	232.00
C	1,783.80	265.14
D	2,006.78	298.28
E	2,452.73	364.56
F	2,898.68	430.85
G	3,344.63	497.13
H	4,013.56	596.56

 

(16)       That the Council, in accordance with Sections 30 and 36 of the 1992 Act, hereby sets the amounts shown in Appendix 24 to the report as the amounts of Council Tax for the year 2026/27 for each part of its area and for each of the categories of dwellings.

 

(17)       That the Council has determined that its relevant basic amount of Council Tax for 2026/27 is not excessive in accordance with principles approved under Section 52ZB of the 1992 Act.

 

(18)       That the Capital Bids and Capital Programme be approved.

 

(19)       That the Capital and Investment Strategy 2026/27, including the Minimum Revenue Provision (MRP) Policy, be approved.

 

(20)       That the Treasury Management Strategy, including the Prudential Indicators, and Affordable Borrowing Limit for 2026/27 be approved.

 

(21)       That a minimum level of General Balances of £8.011m be approved.

 

(22)       That the Reserves Policy be approved.

 

(23)       That the  Medium-Term Reserves Plan be approved.

 

(24)       That the Pay Policy Statement, as required by the Localism Act 2010, be approved.

 

(25)       That a Pension Fund prepayment for the years 2026/27 – 2028/29 of £5.028m be approved.

 

(For information, having been proposed, seconded and debated, on being put to the vote, the Cherwell Conservative and Independent Alliance amendment was lost.)

 

Prior to consideration of the item, the Chair advised that the Cherwell Conservative and Independent Alliance had proposed an amendment to the budget which had been published as a supplement to the agenda. There were no amendments proposed by any other Political Group and no further amendments were now permitted.

 

The Chair explained that once the budget had been proposed and seconded, the Leader of the Cherwell Conservative and Independent Alliance, Councillor Reeves, would respond to the budget and propose the Group’s amendment. Once seconded, the amendment would be debated and voted on.

 

The Chair reminded Members that the arrangements for debating the budget were set out in the meeting procedure rules. The proposer, when presenting the budget, and Group Leaders, when responding to the budget, may speak for up to 10 minutes. All other speakers had a three-minute time limit. 

 

The Chair also reminded Members that it was required in legislation that the vote on any motion on or amendment to the budget and council tax setting reports must be a recorded vote. This would be taken at the appropriate time.

 

The Assistant Director of Finance (Section 151 Officer) submitted a report for Council to consider and agree the Budget Setting for 2026/27 and MTFS 2030/31.

 

In introducing the report, the Portfolio Holder for Finance, Property and Regeneration, Councillor McLean, explained that the report was the culmination of the Budget and Business Planning process for 2026/27 to 2030/31 and set out the Executive’s proposed Corporate Plan and related revenue budget for 2026/27, medium term financial strategy to 2030/31, capital programme to 2030/31 and all supporting policies, strategies, and information which had been recommended to Council by Executive at their 3 February 2026 meeting.

 

The proposed net budget for the council was £32.3m, an increase of £6.1m from 2025/26. The council planned to fund £1.9m of service investments and would set aside £1.3m of Development Funds for Strategic Development (£0.4m) and Local Area Development (£0.9m). The council would also deliver £2.3m of savings proposals and operational efficiencies as part of the 2026/27 budget.  A Band D Council Tax of £163.50 was proposed for the year which is an increase of £5 compared to 2025/26. The Capital Programme for the period 2026/27 – 2030/31 was proposed to be £31.6m. 

 

The Portfolio Holder for Finance, Property and Regeneration thanked to Budget Planning Committee for their review of the the revenue budget savings proposals, service investments, capital bids and fees and charges and subsequent comments and the Accounts, Audit and Risk Committee for considering and recommending the Capital and Investment and Treasury Management Strategies.

 

The Portfolio Holder for Finance, Property and Regeneration also thanked all respondents to the public consultation. In finalising the proposals, the Executive has taken into consideration feedback from the public consultation on the proposed Vision and Strategy, capital and revenue budget proposals and Council Tax increase.

 

The Portfolio Holder for Finance, Property and Regeneration, Councillor McLean, paid tribute to the Assistant Director of Finance and the finance team for their hard work on the budget process.

 

Having presented the report, Councillor McLean proposed the recommendations. Councillor Hingley seconded the proposal.

 

Councillor Reeves, Leader of the Cherwell Conservative and Independent Alliance, addressed Council in response to the budget and proposed the Group’s amendment to the budget (annex to the Minutes as set out in the Minute Book). Councillor Rogers seconded the amendment.

 

The amendment having been proposed and seconded was debated by Council. As required in legislation, a recorded vote on the amendment was taken. Members voted as follows:

 

Councillor Fiaz Ahmed                   For

Councillor Tom Beckett                   Against

Councillor Rebecca Biegel             Against

Councillor Gordon Blakeway         Against

Councillor Chris Brant                     Against

Councillor Besmira Brasha            Against

Councillor John Broad                    Against

Councillor Phil Chapman               For

Councillor Mark Cherry                   Against

Councillor Becky Clarke MBE        Against

Councillor Jean Conway                Against

Councillor Grace Conway-Murray Against

Councillor Gemma Coton               Against

Councillor Dr Isabel Creed             Against

Councillor Andrew Crichton           Against

Councillor Dr Henry Elugwu          Against

Councillor Donna Ford                    For

Councillor Ian Harwood                  For

Councillor David Hingley                Against

Councillor Frank Ideh                      Against

Councillor Kieron Mallon                For

Councillor Nicholas Mawer            For

Councillor Fiona Mawson              Against

Councillor Lesley McLean              Against

Councillor Zoe McLernon               For

Councillor Ian Middleton                 Against

Councillor Julian Nedelcu              Against

Councillor Dr Chukwudi Okeke     For

Councillor Robert Parkinson          Against

Councillor Lynne Parsons              Against

Councillor Rob Pattenden              Against

Councillor Chris Pruden                 Against

Councillor Edward F Reeves         For

Councillor David Rogers                 For

Councillor Alisa Russell                  Against

Councillor Les Sibley                      For

Councillor Nigel Simpson               For

Councillor Dom Vaitkus                  Against

Councillor Dorothy Walker             Against

Councillor Linda Ward                    Against

Councillor Douglas Webb               For

Councillor John Willett                    Against

Councillor Barry Wood                    For

 

The vote on the amendment was lost with 14 votes in favour, 29 votes against and 0 abstentions.

 

The Chair confirmed that as the motion had been lost, Council was now debating the original motion as proposed by Councillor McLean and seconded by Councillor Hingley.

 

Councillor Crichton, Leader of Labour Group, addressed Council in response to the budget.

 

Councillor Middleton, Leader of the Green and Independent Alliance Group, addressed Council in response to the budget.

 

Councillor Sibley, Leader of the Independent Group, addressed Council in response to the budget.

 

The motion having been debated, as required in legislation, a recorded vote was taken, and Members voted as follows

 

Councillor Fiaz Ahmed                   Against

Councillor Tom Beckett                   For

Councillor Rebecca Biegel             Abstain

Councillor Gordon Blakeway         For

Councillor Chris Brant                     For

Councillor Besmira Brasha            Abstain

Councillor John Broad                    For

Councillor Phil Chapman               Against

Councillor Mark Cherry                   Abstain

Councillor Becky Clarke MBE        Abstain

Councillor Jean Conway                For

Councillor Grace Conway-Murray For

Councillor Gemma Coton               For

Councillor Dr Isabel Creed             Abstain

Councillor Andrew Crichton           Abstain

Councillor Dr Henry Elugwu          Abstain

Councillor Donna Ford                    Against

Councillor Ian Harwood                  Against

Councillor David Hingley                For

Councillor Frank Ideh                      For

Councillor Kieron Mallon                Against

Councillor Nicholas Mawer            Against

Councillor Fiona Mawson              For

Councillor Lesley McLean              For

Councillor Zoe McLernon               Against

Councillor Ian Middleton                 For

Councillor Julian Nedelcu              For

Councillor Dr Chukwudi Okeke     Against

Councillor Robert Parkinson          For

Councillor Lynne Parsons              Abstain

Councillor Rob Pattenden              For

Councillor Chris Pruden                 For

Councillor Edward F Reeves         Against

Councillor David Rogers                 Against

Councillor Alisa Russell                  For

Councillor Les Sibley                      For

Councillor Nigel Simpson               Against

Councillor Dom Vaitkus                  Abstain

Councillor Dorothy Walker             For

Councillor Linda Ward                    For

Councillor Douglas Webb               Against

Councillor John Willett                    For

Councillor Barry Wood                    Against

 

The vote on the motion was carried with 21 votes in favour, 13 votes against and 9 abstentions.

 

Resolved

 

(1)          That, having due regard, the statutory report of the Chief Finance Officer (Section 25 report) (Annex to the Minutes as set out in the Minute Book) be noted.

 

(2)          That the proposed Fees and Charges schedule for 2026/27 (Annex to the Minutes as set out in the Minute Book) be approved and it be noted that statutory notices would be placed where required.

 

(3)          That, having given due consideration, the Equality Impact Assessments of the Budget be noted.

 

(4)          That the Corporate Plan Vision and Strategy (Annex to the Minutes as set out in the Minute Book) be noted.

 

(5)          That the Annual Delivery Plan  (Annex to the Minutes as set out in the Minute Book) be approved.

 

(6)          That, in relation to the Revenue Budget Strategy and Medium-Term Financial Strategy (MTFS), the following net directorate revenue budgets for the financial year commencing on 1 April 2026 be agreed.

 

Directorate	Net budget 2026/27 £m
Chief Executive’s Office	2.402
Resources	9.978
Neighbourhood Services	8.888
Place and Regeneration	0.865
Service Sub-total	22.133
Corporate Costs	6.655
Policy Contingency	2.179
Development Funds	1.300
Net Cost of Services	32.267

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(7)          That the Medium Term Financial Strategy and Revenue Budget 2026/27, including the Savings Proposals and Investments  (Annex to the Minutes as set out in the Minute Book) be approved.

 

(8)          That an increase in the Basic Amount of Council Tax for Cherwell District Council for the financial year beginning on 1 April 2026 of £5, resulting in a Band D charge of £163.50 per annum, be approved.

 

(9)          That, following consultation undertaken in November and December 2024 which showed 88% support for the introduction, the implementation from 1 April 2027 of a premium (second homes premium) of 100% for dwellings that are no one’s sole or main residence and are substantially furnished be approved.

 

(10)       That it be approved that the mandatory notice of 12 months to all owners of second homes that a premium will commence from 1 April 2027 be issued.

 

(11)       That it be approved that relevant exceptions be applied as set out by Government guidance (Annex to the Minutes as set out in the Minute Book).

 

(12)       That it be noted that that the Council Tax Base 2026/27 was determined at the Executive meeting held on 6 January 2026:

 

a)            for the whole Council area as 60,654.5 [item T in the formula in Section 31B of the Local Government Finance Act 1992, as amended (“the 1992 Act”)].

 

b)            For dwellings in those parts of its area to which a Parish Precept relates  (Annex to the Minutes as set out in the Minute Book).

 

(13)       That it be agreed that the Council Tax requirement for the Council’s own purposes for 2026/27 (excluding Parish Precepts and Special Expenses) is £9,917,011.

 

(14)       That the following amounts be calculated for the year 2026/27 in accordance with Sections 31 to 36 of the 1992 Act:

 

a)            £162,009,253 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A (2) of the 1992 Act, taking into account all precepts issued to it by Parish Councils and any additional special expenses.

 

b)            £145,153,645 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A (3) of the 1992 Act.

 

c)            £16,855,608 being the amount by which the aggregate at 3(a) above exceeds the aggregate at 3(b) above, calculated by the Council, in accordance with Section 31A (4) of the 1992 Act, as its Council Tax requirement for the year (Item R in the formula in Section 31B of the 1992 Act).

 

d)            £277.90 being the amount at 3(c) above (Item R), all divided by Item T (1(a) above), calculated by the Council, in accordance with Section 31B of the 1992 Act, as the basic amount of its Council Tax for the year (including Parish Precepts and Special Expenses).

 

e)            £6,938,598 being the aggregate amount of all special items (Parish Precepts and Special Expenses) referred to in Section 34(1) of the 1992 Act  (as set out in the Annex to the Minutes as set out in the Minute Book).

 

f)             £163.50 being the amount at 3(d) above less the result given by dividing the amount at 3(e) above by Item T(1(a) above), calculated by the Council, in accordance with Section 34(2) of the 1992 Act, as the basic amount of its Council Tax for the year for dwellings in those parts of its area to which no Parish Precept or special item relates.

 

(15)       That it be noted that for the year 2026/27 the Oxfordshire County Council and the Police and Crime Commissioner for Thames Valley have issued precepts to the Council, in accordance with Section 40 of the 1992 Act, for each category of dwellings in the Council’s area as indicated below:

 

Valuation Band	Oxfordshire County Council	Police and Crime Commissioner for Thames Valley
	£	£
A	1,337.85	198.85
B	1,560.83	232.00
C	1,783.80	265.14
D	2,006.78	298.28
E	2,452.73	364.56
F	2,898.68	430.85
G	3,344.63	497.13
H	4,013.56	596.56

 

(16)       That the Council, in accordance with Sections 30 and 36 of the 1992 Act, hereby sets the amounts as set out in the Annex to the Minutes (Annex to the Minutes as set out in the Minute Book) as the amounts of Council Tax for the year 2026/27 for each part of its area and for each of the categories of dwellings.

 

(17)       That the Council has determined that its relevant basic amount of Council Tax for 2026/27 is not excessive in accordance with principles approved under Section 52ZB of the 1992 Act.

 

(18)       That the Capital Bids and Capital Programme (Annex to the Minutes as set out in the Minute Book) be approved.

 

(19)       That the Capital and Investment Strategy 2026/27, including the Minimum Revenue Provision (MRP) Policy (Annex to the Minutes as set out in the Minute Book), be approved.

 

(20)       That the Treasury Management Strategy, including the Prudential Indicators, and Affordable Borrowing Limit for 2026/27 (Annex to the Minutes as set out in the Minute Book)  be approved.

 

(21)       That a minimum level of General Balances of £8.011m be approved.

 

(22)       That the Reserves Policy (Annex to the Minutes as set out in the Minute Book) be approved.

 

(23)       That the  Medium-Term Reserves Plan (Annex to the Minutes as set out in the Minute Book) be approved.

 

(24)       That the Pay Policy Statement (Annex to the Minutes as set out in the Minute Book), as required by the Localism Act 2010, be approved.

 

(25)       That a Pension Fund prepayment for the years 2026/27 – 2028/29 of £5.028m be approved.