Decision

The Leader took Members to a vote on the recommendations which were agreed unanimously.

RESOLVED:

Cabinet:

(i)               Noted the outturn position detailed at Appendix A.

(ii)              Approved the update to Reserves and Balances at table 2 and Appendix B.

(iii)            Noted the year end movements to the Capital Programme in Paragraphs 37 to 44 and detailed at Appendix C.

(iv)            Recommended to Council that after previously agreed and proposed uses, the balance of interest income from Treasury Management of £1,016k is used as follows: £200k for Homelessness Support to help fund pressures; £400kcontribution to the Martlets Reserve; £400k to the Project and Efficiency Reserve and £61k to the new Place Regeneration Reserve. With the service underspend of £246k being set aside as follows: £146k contribution to the GR, to get closer to the achievement of the robustness recommendations, £100kto the Parking Reserve to help fund the interim contract arrangements.

(v)             Noted the positive performance outturn.

(vi)            Cabinet agreed to a long-term lease for the operation of the newly refurbished football changing rooms and pavilion at Hickmans Lane.