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Cabinet agreed the following:
 
General Fund -
Revenue
a) to note the General Fund net revenue overspend of £5.3m (paragraph 5.2); b)
to note that the final payment to Lampton Leisure Ltd for the cost
of operating leisure centres for the period up to 31 March 2023 was
£9,556k (paragraph 5.8);
c) to approve the drawdown of £5,272k
from the budget support risk reserve to offset the net General Fund
overspend (paragraph 5.52);
d) to note the contributions to risk earmarked
reserves set out in paragraph 5.54;
e) to note the contributions to operational
earmarked reserves set out in paragraph 5.57;
f) to note the contributions to and drawings
from ringfenced earmarked reserves set out in paragraph
5.58;
g) to approve revenue budget virements in
2024/25 to rebase the budgets for the vehicle fleet management
service of £950k from the waste and recycling service,
re-basing of £350k from the corporate contingency and up to
£300k from the corporate fleet replacement fund, to reflect
changes in the methodology for charging services for fleet costs
(paragraph 5.12)
h) to approve the allocation of £610k
from the General Fund corporate contingency budget to the Finance
and Resources directorate budget for the Council Tax arrears
incentive scheme payment due to the corporate service contractor
for Council Tax arrears collected in 2023/24 (paragraph
5.60);
 
Dedicated Schools
Grant - Revenue
i) to note the
Dedicated Schools Grant (DSG) overspend of £0.5m compared to
the budgeted deficit of £5.0m (paragraph 5.37);
 
Housing Revenue
Account - Revenue
j) to note the Housing Revenue Account (HRA)
net overspend of £5.3m (paragraph 5.32);
k) to approve the drawdown of £955k from
the HRA District Heating earmarked reserve to offset net HRA
revenue expenditure on district heating (paragraph 5.32);
 
General Fund &
Housing Revenue Account - Capital
l) to note the capital programme outturn with
an in-year variance of £31.8m on the General Fund capital
programme and an in-year variance of £7.4m on the HRA capital
programme (paragraph 5.39);
m) to note that the re-phasing of the capital
programme will be approved under existing delegated authority;
n) to approve capital budget virements
totalling £4,201k to transfer residual budgets for schemes in
the HRA council house building programme that have been completed
during 2023/24 to the council house building programme contingency
budget for future allocation (paragraph 5.42);
o) to approve additional budget allocations
for the roof top schemes at Bethany Waye and Whitton Road and the Frampton Road scheme
in the HRA council house building programme totalling £2m
(paragraph 5.44) to be funded from the council house building
programme contingency budget and the associated capital budget
virements;
p) to approve an increase to the budget for
the design stage of the Commerce Road scheme of £0.2m to be
funded from the council house building programme contingency budget
and the associated capital budget virement (paragraph
5.45);
 
General
q) to note the performance against key
corporate financial indicators (paragraph 5.59);
r) to note the bad debt written off under
delegated authority of £200k (paragraph 5.61).