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RECOMMENDATIONS TO CABINET:
 

(1)  
That Cabinet notes the
forecast expenditure of £10.438M 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
£1.271M.
 

(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 is asked
to note the position of Treasury Management activity as at the end
of June 2023.

 

REASON FOR
REFERRAL:
 

(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.