Purpose

Cabinet is recommended to Note the forecast outturn
position for Revenue, Capital, HRA and DSG as at month
3.  
 

Content

Cabinet:
 

(1)          
noted the forecast outturn position for Revenue, HRA and DSG as at
month 3;
 
(2)          
approved £0.015 million funding from the budget strategy
reserve (BSR) to fund the 2025 Pride Awards and £0.145
million towards the together campaign from the BSR;
 
(3)          
approved £0.500m additional capital funding for Soho Theatre
due to extended timelines to complete works (September 2024 to
March 2025);
 
(4)          
approved an amount not exceeding £0.300m, to be funded from
capital contingency, for fit out works on Unit C Soho
Theatre.  This is to enable the unit to
be let on a commercial basis (i.e. ducting and electrical upgrade);
and
 
(5)          
approved £0.984 million to fund the Oracle stabilisation
programme, of which £0.894 million is to capital related to
be funded from the capital contingency and £0.089 million is
revenue expenditure to be funded from the corporate revenue
contingency budget.
 
Options &
Alternatives Considered
 
Much of this report is
concerned with provision of information, for which alternative
options is not a relevant consideration.