Agenda item

The Cabinet considered a report of the Director of Corporate Resources regarding the provisional revenue and capital outturn for 2025/26.  A copy of the report, marked “Agenda item 4”, is filed with these minutes.

The Director, in introducing the item, highlighted the revised Appendix F to the report. The revision was made to rectify a spreadsheet error that had resulted in capital values being understated which in turn affected the percentage income return cited.

Mr. Fowler CC noted that the underspend reflected well on the Council’s financial management and that it would be used to good effect, including for highways schemes and the repayment of debt.

RESOLVED:

a)    That the 2025/26 provisional revenue and capital outturn be noted;

b)    That the prudential indicators for 2025/26 as shown in Appendix E to the report be noted;

c)    That the net revenue underspend be used for the additional commitments as specified in paragraph 86 of the report;

d)    That the East Midlands Shared Services (EMSS) Partnership Agreement addendum as set out at Appendix G to the report be approved.

(KEY DECISION)

REASONS FOR DECISION:

To note the provisional revenue and capital outturn for 2025/26 and make efficient use of the net revenue underspend.

To ensure the EMSS Partnership Agreement remains relevant and fit for purpose.