Purpose

To
receive the financial position as at the end of March
2023.

Decision

RESOLVED –
 

1.   
That the unaudited actual gross and net expenditure for the year
and the sources of finance as shown in Appendices B to D be
noted.
 

2.   
That the proposed variations to the Capital programme, set out in
notes 4.3 to 4.11 be approved.
 

3.   
That the proposed movement between years, set out in note 4.12 be
approved.
 

4.   
That the inclusion of new schemes into the capital programme as set
out in notes 4.13 to 4.15 be noted.
 

5.   
That TWBC take advantage of any funding opportunities to alleviate
short term pressures and longer term housing pressures and that
where possible, these funds are used to create a lasting legacy by
providing a new and permanent supply of affordable housing be
approved.
 

6.   
That external contributions to the Council’s
‘match-funding’ requirements for the Local Authority
Housing Fund Scheme are used to deliver the scheme with the
Council’s ‘match-funding’ from s106 developer
funding re-allocated to deliver affordable housing be
approved.
 

7.   
That the refurbishment of the four Crescent Road properties into
3-, 4- and 5-bedroom houses to provide short-term options for
housing Ukrainian guests and longer-term affordable housing for UK
Nationals be approved.
 

8.   
That the s151 Officer and the Monitoring Officer, in consultation
with the Cabinet Member for Planning and Housing be delegated to
allocate funds from the homes for Ukraine Programme, Local
Authority Housing Fund and any other similar funding programmes or
sources, and to source any necessary match-funding so as to
alleviate housing pressures in line with the above objectives and
in the light of advice from the Council’s Housing and
Property teams be approved. 

 
REASON FOR
DECISION:  Managing and forecasting capital
expenditure effectively was vital in order to support all of the
services provided by the Council.