Agenda item

BUDGET MONITORING Period 6 2025/26

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

 

Decision:

Decision

RESOLVED:

 

To recommend the following to 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.

 

Cabinet 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.

 

Reason for the decision:

 

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

Minutes:

The Chair invited Cllr L Shires, Portfolio Holder for Finance, to introduce this item. Cllr Shires began by explaining that this report came at the middle point of the financial year for budget monitoring. She said that as at 30 September 2025, the General Fund Forecast Outturn position for 2025/26 was a surplus of £0.354m. This was due to a number of factors, set out at section 2.6 of the report.

 

Cllr Shires drew Members’ attention to the second recommendation: to increase the 2025/26 capital budget for the Holt Country Park Eco Learning Space to £140,000. And explained that this was due to the apportionment of £40,000 from external S106 contribution towards the scheme.

 

Looking ahead, Cllr Shires said that some factors remained uncertain, including the cost of the food waste contract and the funding settlement from central Government. There was also a level of uncertainty about the business rates pooling arrangements.

 

The Chair thanked Cllr Shires and acknowledged the achievements of officers in gaining the additional funding for Holt Country Park.

 

Cllr A Varley, Portfolio Holder for Climate Change & Net Zero, said that he wanted to highlight the reduction in staff mileage claims due to the success of the electric car pooling arrangements.

 

It was proposed by Cllr L Shires, seconded by Cllr T Adams and

 

RESOLVED:

 

To recommend the following to 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.

 

-        That Cabinet acknowledged 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.

 

Reason for the decision:

 

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

Supporting documents: