Purpose

Review the revenue and capital expenditure
during 2022/23 and options for the allocation of funds in 2023/24.
Agree Pennines Township Funds terms and conditions, funding streams
and delegated arrangements for funding decisions 2023/24.

Content

The Committee
considered a report of the Director of Neighbourhoods which
reviewed the revenue and capital expenditure during 2022/23 and
provided options for allocation of funds in 2023/24. The report
also sought approval of the Pennines Township allocation to funding
streams, terms and conditions and delegation arrangements
concerning funding decisions.
 

Resolved:
1.   
That the expenditure, commitments and balances for Pennines
Township revenue and capital funds at financial year end 2022/23
(Appendix 1 and 2 of the report) be noted;
2.   
That the findings of the review of Township Funds 2022/23 (Appendix
3 of the report) and evaluations received to date for funded
projects (Appendix 4 of the report) be noted;
3.   
That the allocation of Pennines Township funds to funding streams
in 2023/24 (Appendix 5 of the report) be approved;
4.   
That the terms and conditions for Pennines Township revenue and
capital funds for 2023/24 (Appendix 6 of the report) be
approved;
5.   
That the delegation arrangements for Pennines Township Funds
2023/24 as detailed at paragraph 5.6 of the report be approved.
6.   
That any uncommitted /unspent funds be reallocated to a central
revenue or capital funding stream as appropriate before the end of
January 2024 to enable Members to spend / commit all Pennines
Township Funds during 2023/24 financial year.
 
Reason for
decision:
Management of the
Pennines Township Fund is delegated to the Pennines Township
Committee. Pennines Township Funds are allocated to projects that
benefit the Township’s community and environment, and realise
the Township priorities. To enable committee to monitor and review
the use of the Pennines Township Funds to ensure continued
efficient and effective use of the funds.
 
Alternatives
considered and rejected:
Not to approve the
allocation of funds to funding streams and adopt the terms and
conditions.