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RESOLVED that:
 

1)   
the forecast outturn position in respect of the General Fund for
2023/24 be noted;
 

2)   
the 2023/24 forecast outturn position on the Housing Revenue
Account be noted;
 

3)   
the forecast in respect of the Schools Budget and the Dedicated
Schools Grant (DSG) for 2023/24 be noted;
 

4)   
the forecast outturn position in respect of the capital programme
for 2023/24 be noted;
 

5)   
The re-profiling of a number of capital budgets be approved, which
has the effect of decreasing capital budgets by £78.276m in
2023/24, and increasing capital expenditure budgets by
£78.276m over the three year period 2024/25-2026/27, as
outlined in Annex 1 (to the report);
 

6)   
Capital expenditure budget of £1.924m be approved for the
implementation of a new Housing IT System (increase from
£0.691m to £2.615m; £1.049m in 2023/24 and
£1.566m in 2024/25), as detailed in paragraph 51;
 

7)   
Capital expenditure budget of £25.50m be approved for the
acquisition of 50 HRA properties over the 3 year period
2023/24-2025/26, as detailed in paragraphs 52-54;
 

8)   
Capital expenditure budget of £0.98m be approved for
Guildhall 2 – Replacement Kitchen & Bathrooms
(£0.33m in 2023/24, £0.65m in 24/25), as detailed in
paragraph 10;
 

9)   
Capital expenditure budget of £0.758m be approved for
Lovelace Primary school renovations in 2023/24, as detailed in
paragraph 11;
 

10)Capital Expenditure
budget of £0.372m be approved for Household Reuse and
Recycling centre and Waste Transfer Station project in Villiers
Road (£0.08m in 2023/24, £0.292m in 2024/25), as
detailed in paragraph 12;
 

11)A virement to allocate out centrally held budget to
service areas following final agreement of 2023/24 pay award be
approved, as detailed in paragraph 7.