Cornwall Council budget and finance decisions
Budget setting, council tax, capital programmes, audits and other financial decisions.
71 decisions classified as budget & finance.
- Approve harbour performance and reserve movements19 Mar 2026Cornwall Harbours BoardOutcome: Approved
The council approved the harbour’s performance against its budget and the related changes to its reserve funds.
- Receipt of Crisis and Resilience Fund monies and top‑up allocation18 Mar 2026Individual Decision DayOutcome: Approved
The council will accept £8.252 million from the Crisis and Resilience Fund and an additional £1.586 million to support low‑income households and related resilience services.
- Approval of Cornwall Housing and Celtic Sea Power Four‑Year Business Plans and related BEIS funding18 Mar 2026Cabinet
The council approved the four‑year business plans for Cornwall Housing and Celtic Sea Power and will release £0.371 million from BEIS funds and up to £1.827 million over four years to support Celtic Sea Power Ltd.
- Designation of Cornwall Council as Accountable Body for Kernow Industrial Growth Fund and related delegations18 Mar 2026Cabinet
Cornwall Council will manage the £30 million Kernow Industrial Growth Fund for 2026‑28, has approved its investment plan, and senior officers can now finalise the plan and sign a memorandum of understanding with the UK government.
- Revised revenue forecast and capital programme for 2025/26 noted13 Mar 2026Tamar Bridge and Torpoint Ferry Joint CommitteeOutcome: Noted
The council formally recorded the updated 2025/26 budget forecast and spending plan.
- Note Pension Benefits report and seek clarification12 Mar 2026Pensions CommitteeOutcome: Noted
The council noted the pension benefits update and asked officials for clarification and any needed help.
- Note Fund position 31 Dec 2025 and seek clarification12 Mar 2026Pensions CommitteeOutcome: Noted
The committee recorded the fund’s status as of 31 December 2025 and asked officers for any needed explanations and additional details.
- Adopt Funding Strategy Statement (effective 1 April 2026)12 Mar 2026Pensions CommitteeOutcome: Approved
The council has approved the Funding Strategy Statement, which will take effect on April 1 2026.
- Approve Business Plan 2026‑29 and budget12 Mar 2026Pensions CommitteeOutcome: Approved
The council has approved the 2026‑29 business plan and its budget.
- Approve LPPI shareholding, Brunel wind‑down and delegated authority12 Mar 2026Pensions CommitteeOutcome: Approved
The council agreed to let the Fund own shares in LPPI, close down Brunel Pension Partnership Ltd., and give the Head of Pensions and Treasury permission to carry out these steps.
- Approval of £4.5m funding for Direct Delivery GG0003 (Application GG003_0001) and delegation of authority29 Jan 2026Cornwall and the Isles of Scilly Economic Prosperity BoardOutcome: Approved
The council approved up to £4.5 million for a Direct Delivery project and gave the Head of Economy, after consulting the Section 151 Officer, permission to negotiate and sign the funding contract.
- Extension of £1.5 m revolving credit facility to Celtic Sea Power Ltd28 Jan 2026Individual Decision DayOutcome: Approved
The council decided to let Celtic Sea Power keep borrowing up to £1.5 million until March 2030, but at a higher interest rate of 6 % instead of 3.69 %, with a review scheduled for March 2029.
- Recommendation to Cabinet on Citizens Assembly approach and budget suggestions21 Jan 2026Budget Development Overview and Scrutiny CommitteeOutcome: Carried
The council will ask the Cabinet to try a Citizens Assembly for next year’s budget, consider the other ideas raised at the meeting, and have a list of realistic savings ready before the Cabinet meets on 11 February.
- Motion on business rates for retail, hospitality and leisure sector20 Jan 2026Cornwall CouncilOutcome: Referred to Cabinet
The council is sending a proposal to the Cabinet to look at how the Autumn Budget 2025 will affect business rates for Cornwall’s shops, hotels, restaurants and other leisure businesses.
- Approve Harbour performance against budget and reserve movements15 Jan 2026Cornwall Harbours BoardOutcome: Approved
The council approved the Harbour Board’s budget performance and the related changes to its reserves.
- Resolution to review External Auditor’s Annual Report 2024/2513 Jan 2026Audit CommitteeOutcome: Approved
The council will review the 2024/25 external auditor’s report, consider management’s responses, and ask for any needed clarification.
- Resolution to consider External Auditor’s Annual Report and seek clarifications13 Jan 2026Audit CommitteeOutcome: Approved
The council reviewed the external auditor’s annual report, asked officers for any needed clarification, and gave comments as appropriate.
- Primary Schools Staff Costs/Supply Cover Maternity Leave Fund – £137k projected 2026/279 Jan 2026Cornwall Schools Forum
The council decided to keep a shared maternity‑leave fund for primary schools, which is expected to have £137,000 available in the 2026‑27 financial year.
- Primary Schools Fund for Schools in Financial Difficulty – £135k projected 2026/279 Jan 2026Cornwall Schools Forum
The council approved a £135,000 fund to help primary schools that are facing financial difficulties in the 2026/27 year.
- Set IFCA levy for 2026/27 at £1,599,77019 Dec 2025Cornwall Inshore Fisheries and Conservation AuthorityOutcome: Carried
Cornwall Council will pay £1,599,770 for the Inshore Fisheries and Conservation Authority levy in the 2026/27 financial year.
- Note budget and reserves position for 2025‑2619 Dec 2025Cornwall Inshore Fisheries and Conservation AuthorityOutcome: Noted
The council agreed to record the 2025‑26 budget and reserve figures shown in Appendices 1 and 2.
- Mirror National Funding Formula factor values12 Dec 2025Cornwall Schools ForumOutcome: Carried
We will keep using the same factor values as the National Funding Formula, unless recommendation 2 calls for a change.
- Delegate review of central school services budgets12 Dec 2025Cornwall Schools ForumOutcome: Carried
The council has given the Service Director for Education and Community Health the job of reviewing the budgets for central school services.
- Adopt capping and scaling option for school budgets12 Dec 2025Cornwall Schools ForumOutcome: Carried
The council will cut school funding by 0.25% but limit any single school’s reduction to a maximum of 1.10% and set overall school budgets at 81.75% of the previous amount.
- Set minimum funding guarantee to 0%12 Dec 2025Cornwall Schools ForumOutcome: Carried
The council decided that the minimum funding guarantee will be set at zero percent.