Decision details

Resolved:

Cabinet is asked to approve:

a)    the virement from Early Years and Childcare (£0.021m) and Schools Maintenance and Modernisation (£0.004m) to support additional works required through Access and Inclusion;

b)    the virement of £0.109m from Fleet Vehicles to Waste to facilitate improved financial oversight of waste vehicle purchases;

c)    the removal of £1.370m grant funding from the HUG 2 programme as agreed with the Department of Energy Security and Net Zero (DESNZ);

d)    The grant income applied for and/or received as set out in Appendix C and Appendix D.

Cabinet is asked to note:

e)    The additional budgets added to the programme of £13.342m under Chief Finance Officer delegated powers;

f)     the removal of £1.370m budget under Chief Finance Officer delegated powers;

g)    the end of year 2023/24 budget adjustment of £0.077m;

h)    the budgets brought forward from future years into the 2024/25 programme totalling £4.886m under Chief Finance Officer delegated powers;

i)      the budgets reprogrammed from 2024/25 into future years totalling £16.301m under Chief Finance Officer delegated powers;

j)      Budget Movements between Schemes as detailed in Appendix A;

k)    the revised 2024/25 Capital Programme forecast as at quarter two of £226.355m;

l)      the capital spend as of 30 June 2024 of £67.931m

m)  the use of £0.300m of earmarked reserves to enable Adults and Children’s Services to undertake a feasibility study of potential sites for accommodation

Reason for Decision:

To inform effective decision making and ensure sound financial management as part of the Councils overall control environment.

To inform Cabinet on the financial position of the Council on the 2024/25 capital programme as at quarter two (30 September 2024).