Agenda item

Executive Summary

This report provides an update on the Council’s financial performance and projected full year outturn position for 2025/26 for the revenue account, capital programme, reserve statement and budgeted savings performance as at the end of September 2025.

As at 30 September 2025, the General Fund Forecast Outturn position for 2025/26 is a surplus of £0.354m. 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 increase the 2025/26 capital budget for the Holt Country Park Eco Learning Space to £140,000. This is to reflect the apportionment of £40,000 from external S106 contribution towards the scheme.

c) To acknowledge the increased Customer Services C3 Software 2025/26 capital budget to a total of £32,600. This is following approval of an additional £9,200 towards the project from the Delivery Plan Reserve by the Director of Resources/S151 Officer.

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