Content

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 actions being taken to reduce expenditure across the
organisation, as set out in paragraph 7 (of the report) be
noted;
 

6)   
The request for a £3.976m HRA capital budget for the
practical completion payments for Bonner Hill Road and Roselands
delivered by Richmond Housing Partnership (RHP) under the Right to
Buy programme detailed in paragraphs 57 and 58 (of the report) be
approved;
 

7)   
An amendment to the budget for the Cambridge Road Estate
Regeneration Loan C facility to the joint venture LLP in line with
accounting reporting changes aimed at providing better transparency
as set out in paragraph 10 and 11 be approved;
 

8)   
A capital budget of £1.700m for Guildhall roof repairs to
enable the appointment of the required specialist consultants and
contractors to undertake the required surveys, detailed design,
construction and completion of the re
roofing and repair work to those areas of the Guildhall as
detailed in paragraph 12 be approved;
 

9)   
The write-off of a debtor of £179,852 relating to expenditure
incurred by the Council on behalf of its two subsidiaries, Kingston
upon Thames Investment Limited and RBK Holding Limited, following
resolutions passed by their Boards in consultation with the
Executive Director of Place to wind them up, be approved;
 
 

10) 
An increase to the Council’s budgetary commitment to the St
Philips School -Vocational Centre to £3.100m from the current
£2.45m allocation be approved on the recommendation of the
People Committee held on 13 June 2023 (to be funded from the
DfE High Need Capital Grant);
 

11) 
To approve a budget of £738k in 23-24 to fund a number of
projects that form part of the Local Implementation Plan. This has
been agreed by the Place Committee and will be funded by TFL grants
as detailed in paragraph 14 (of the report)