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RECOMMENDATIONS TO CABINET:

 

(1)  
That Cabinet notes the forecast expenditure of £8.185M in
2023/24 on the capital programme, paragraph 8.3 refers.
 

(2)  
That Cabinet approves the adjustments to the capital programme for
2023/24 onwards, as a result of the revised timetable of schemes
detailed in table 2 and 3, increasing the overall estimated spend
in 2024/25 and beyond by £3.898M.
 

(3)  
That Cabinet notes the position of the availability of capital
resources, as detailed in table 4 paragraph 8.6 and the requirement
to keep the capital programme under review for affordability.
 

(4)  
That Cabinet recommends to Council that it notes the position of
Treasury Management activity as at the end of September 2023
including the new Capital items. Page 10
 

(5)  
That Cabinet recommends to Council that it confirms the addition of
the Local Authority Housing Fund Phase 2 to the capital programme
for 2023/24 and approves the reprofiling of Bancroft & Priory
Splash Pads from 2024/25 into 2023/24.
 

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.