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RESOLVED
that:-
 

(a)      Cabinet approve the
following:

·           
the re-profiling to the Capital Programme of
£47.326 million from 2023-24 to 2024-25 to reflect estimated
expenditure levels in the current financial year. £4.738
million of this has already been factored into the 2024-25 to
2027-28 Medium Term Financial Plan.

·           
the utilisation of £2.000 million from the
Business Recovery Reserve to fund additional financial support for
Active Northumberland in recognition of significant inflationary
pressures and to allow Active Northumberland to maintain reserves
at a sufficient level to facilitate an orderly closure of the
business and transition to the new leisure provider. Any funds
remaining upon the winding up of the business will transfer back to
the Council to support leisure services in
Northumberland.
(b)      Cabinet note the
following:

·           
the projected overspend on services of £3.527
million and the assumptions outlined in this report.

·           
the projected net overspend of £0.510 million
after the utilisation of the reserves.

·           
£2.000 million underspend on the Todstead
Landslip scheme resulting in only £3.000 million of the
£5.000 million allocation from the Severe Weather Reserve
being required.

·           
the supplementary estimates at Appendix A and the
required changes to the budgets.

·           
the delivery of the approved savings at Appendix
B.

·           
the use of the contingency shown at Appendix
L.

·           
the use of reserves shown at Appendix M.

·          
the virements requested by services shown at
Appendix N.

·           
the details of capital project reprofiling shown at
Appendix O.