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RESOLVED: That the Finance, Audit and Risk Committee
noted the report.
 

RECOMMENDATIONS TO CABINET:
 

(1)  
That Cabinet notes the forecast expenditure of £30.415M in
2024/25 on the capital programme, paragraph 8.3 refers.
 

(2)  
That Cabinet notes the position of the availability of capital
resources, as detailed in table 2 paragraph 8.10 and the
requirement to keep the capital programme under review for
affordability.
 

(3)  
Cabinet is asked to note the position of Treasury Management
activity as at the end of June 2024.
 

(4)  
Cabinet is asked to approve that we should proceed with the Local
Authority Housing Fund round 3 and submit the Memorandum of
Understanding so that we can receive the initial allocation of
funds.
 
That Cabinet
recommends to Council
 

(5)  
That Council approves a capital budget of £0.080M to fund the
purchase and installation of a new chiller at the museum, paragraph
8.4 refers.
 

(6)  
That Council approves a capital budget of £1.920M
(£0.96M in 24/25 and £0.96M in 25/26) for round 3 of
the Local Authority Housing Fund. This will be fully funded from
Government grants and housing provider contributions, paragraph 8.5
refers.
 

(7)  
That Council approves bringing forward £0.008M of the backup
and business continuity hardware capital budget (from 2025/26 to
2024/25) and reducing the 2025/26 budget to £0.057M.

 

REASONS FOR RECOMMENDATIONS:

 

(1)  
Cabinet is required to approve adjustments to the capital programme
and ensure the capital programme is fully funded.
 

(2)  
To ensure the Council’s continued compliance with
CIPFA’s code of practice on Treasury Management and the Local
Government Act 2003 and that the Council manages its exposure to
interest and capital risk.