Capital Budget Update 2023/24

December 7, 2023 Council (Other) Approved View on council website
Full council record
Content

That Council:-
 
Approves the funding for the
following changes to the Capital Programme:
 
a)   
Kettering Library roof replacement and associated
work to the roof of the Art Gallery – budget approval for
£6.807m in 2023/24 which is to be funded from
borrowing.
b)   
Isham
Bypass – budget approval for a virement of
£0.790m, £0.600m in 2023/24 and £0.190m in
2024/25 from the Integrated Transport Block budget for 2023/24 and
2024/25 to the Isham Bypass
scheme.
 

Reasons for Decisions:-
These are set out in greater detail within section 5 of the
report, but can be summarised as:
 
·        
To enable the Council to continue to
deliver its library functions within Kettering Town Centre;
and
 
·        
To meet the requirements of the
Department of Transport in the development of the road scheme for
the Isham Bypass.
 

Alternative Options Considered:-
·        
Further detail in relation to
alternative options considered by the Executive for the above
schemes are set out in the reports presented to Executive on 16th
November 2023, as referenced in Section 8 of this report;
and
 
·        
The funding options are recommended in
light of the capital resources available to the
Council.

Supporting Documents

Capital Budget Update 2023-24.pdf

Details

OutcomeRecommendations Approved
Decision date7 Dec 2023