Issue - meetings

Executive Summary

This report provides the first update on the Council’s financial performance and projected full year outturn position for 2026/27 for the revenue account, capital programme, reserve statement as at the end of July 2026.

As at 31 July 2026, the General Fund Forecast Outturn position for 2026/27 is a surplus of £0.367m. This is after adjusting for all known variations and full year forecasting by service managers.

Options considered

This is an update report on the Council’s financial position and so no other options were considered.

Consultation(s)

This is an update report on the Council’s financial position, and no other consultations were considered.

Recommendations

Members are asked to consider the report and recommend the following to full Council:

a)      Note the contents of the report and the current forecast year end position.

b)      Seek approval of Full Council to include a new 2026/27 capital budget for Building Control Software of £60,500. This is following the award of a £60,500 capital grant to the Council to fund Building Control capital schemes from MHCLG

c)       Seek approval to transfer £2.0m from the General Reserve to the New Burdens Reserve.

Reasons for recommendations

To update members on the current budget monitoring position for the Council.

Background papers

Budget report, Budget Monitoring reports

Wards affected

All

Cabinet member(s)

Cllr Lucy Shires

Contact Officer

Daniel King

Assistant Director Finance & Assets

Daniel.king@north-norfolk.gov.uk

01263 516167