Purpose

To facilitate financial management and control of the Council's finances.

Initial date added to Forward Plan: 11 April 2025

Decision

RESOLVED:

3.1    That the scheme for Finance and Corporate Resources Directorate
as set out in section 10 be given approval as follows:

4 Year Digital Transformation Programme: Resource and spend
approval of £9,378k (£770k in 2025/26, £1,536k in 2026/27, £3,536k in
2027/28 and £3,536k in 2028/29) is requested to enable Council Officers to implement the 4 year Digital Transformation Programme to deliver the Council’s ambition of seamless digital services for our residents using the best of modern technology, digital and data approaches for our users.

1. 2    That the scheme for Homes, Climate and Economy Directorate as set out in section 10 be given approval as follows:

Parking CCTV Camera Upgrade: Resource and spend approval of £262k in 2025/26 is requested to upgrade the Parking CCTV cameras around the borough that have now reached the end of its useful life.

EV Charge Points Refresh: Resource and spend approval of £3,450k (£1,610k in 2025/26 and £1,840k in 2026/27) is requested to continue the borough wide programme of installing electric vehicle charge points.

Dockless Cycle Hire Refresh: Resource and spend approval of £1,369k (£740k in 2025/26 and £630k in 2026/27) is requested to continue the borough wide programme of the dockless cycle hire scheme.

1. 3    That the S106 scheme summarised below and set out in section 11 be noted:

S106

2026/27 £'000

Capital

45

Total S106 Capital for Noting

45

1. 4  To approve allocation of £1.917m capital resources phased over three years to appraise options, make recommendations, engage the Department for Education (DfE), and progress proposals for the optimum future use of two historic school sites to RIBA Stage 2.
2. 5  That the Quarter 2 Capital Monitoring for the period ending 30 September 2025 in section 12 be noted.
3. 6  That the re-profiling of the budgets as set out in Appendix 3 and summarised below be approved:

Current Directorate

Re-Profiling 25/26

Re-Profiling 26/27

Re-Profiling 27/28

£'000

£'000

£'000

Non Housing

(18,940)

18,659

281

Housing

(2,710)

2,710

0

Total

(21,650)

21,369

281

1. 7  That the capital adjustments of the budgets as set out in Appendix 3 and summarised below be approved:

Current Directorate

Capital Adjustments

£'000

Non Housing

2,537

Housing

0

Total

2,537

1. 8  To approve that the Council enter into the Letter of Indemnity with NU Technology and Learning Centres (Hackney) Limited in respect of refurbishment works at Hackney Museum, in the form annexed to this report at Appendix 4 (Exempt).
2. 9  To delegate to the Director, Legal, Democratic and Electoral Services the authority to make and accept any amendments required to finalise the letter on the basis that these amendments do not materially change the financial or risk profile.