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Cabinet - Wednesday 29 May 2024 5.30 pm
May 29, 2024 View on council website Watch video of meeting Read transcript (Professional subscription required)Summary
The meeting covered several key topics, including the approval of financial reports, asset management, capital expenditure, and community projects. The council also discussed appointments to various external bodies.
Asset Management Act Report 2023-24
Councillor Nunn presented the Asset Management Act report for 2023-24. The council spent £1.9 million on asset management in the last financial year. The report recommended approving the updated budget for 2024-25, mainly for carried forward projects like undelivered vehicles. The council approved the recommendations unanimously.
Capital Expenditure 2023-24
Councillor Pannon reported that the total capital expenditure for 2023-24 was £5.8 million. The largest expenditure was nearly £2 million for 14 affordable properties through the government's Local Authority Housing Fund scheme. The council approved the updated capital programme.
Treasury Management Outturn 2023-24
Councillor Flug reported that the council's Treasury activities generated nearly £4.5 million in income, with an average return on investments of 4.42%. This was higher than forecast but below the benchmark of 5.23%. The council approved the Treasury management outturn.
Statement of Community Involvement Amendments
Councillor Bundy proposed amendments to the Statement of Community Involvement to align with statutory requirements for notifying parish and town councils about planning applications and amendments. The council approved the amendments.
Allocation of Community Infrastructure Levy Funds
Councillor Bundy presented a bid from More Education, operating as COALA, for £50,680 to fit out a new community hub in the Chantry Centre. COALA supports autistic and neurodivergent individuals in Andover. The council approved the funding.
Cabinet Appointments to Outside Bodies
The council made several appointments to external bodies:
- Councillors Bundy, Gwynne, Swain, and Youlden to the Eastleigh Borough Council TVBC Liaison Committee.
- Councillor Flood to the Parking and Traffic Regulations Outside London (PATROL).
- Councillors Adams-King and Bundy to the Partnership for South Hampshire Committee.
- Councillor Adams-King to the South East Councils.
The meeting concluded with no further comments or objections.
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