Decision

1. That Cabinet notes the financial position for 2023-24 as at Quarter 3.

RESOLVED TO RECOMMEND

1.    That Cabinet recommends to Council to approve the following Reserve Drawdowns:

a.     £0.100m Funding for Luton Airport Legal costs - £0.050m from the Dacorum Development reserve and £0.050m from the Local Development Framework reserve.

b.     £0.025m drawdown to fund additional Customer Support Unit (CSU) support for Garden waste renewals  from the Management of Change reserve

1. That Cabinet recommends to Council to approve the following reserve transfer:

a.     £0.020m for funding of an update to the Council Human Resources System Itrent in 2024-25.  There is one off provision in 2023-24 budgets for this upgrade, work on which has now slipped to 2024-25.

1. That Cabinet recommends to Council to approve the following supplementary capital budgets representing growth to the Capital Programme:

·         £2.265m relating to a payment to Hightown Housing Association for the provision for affordable housing in the borough at 66 Books, Wood End Lane. This expenditure was approved by Cabinet in February 2023. Full Council approval is now required to increase the capital programme budget accordingly.

·         Provision of Electric Vehicle Charging Points (EVCP) in the borough, funded entirely by government grant £0.415m.

1. That Cabinet notes the following additional slippage on the capital programme to future years:

·         General Fund £1.404m

·         Housing Revenue Account £6.804m