Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: September 27, 2023

Purpose: The report will set out a summary of the Council’s actual revenue and capital spending for the quarter to June 2023 together with the main variations from the approved spending levels and impact on future budgets

Content: RESOLVED That the Cabinet: a)     Agrees to note the projected outturn for the year 2023/2024 as summarised in report FIN/633.   b)     Approves a supplementary capital estimate of £70,000 required for data migration to the new Benefits Online and Document Management System this will be funded from the Welfare Reform Reserve. (para 8.7 of report FIN/633).   c)      Approves a supplementary capital estimate of £169,100 for the repair of the Pit Lift at the Hawth Theatre funded by £120,300 from the revenue programme maintenance budget and £48,800 from capital receipt. (para 8.8 of report FIN/633). That Full Council be asked to:   d)     Approve the addition to the Capital Programme of £1,052,466 for Disabled Facility Grants funded from the Better Care Fund. (para 8.4 of report FIN/633).   e)     Approve a supplementary capital estimate of £6,000,000 for HRA acquisitions of land or dwellings to be funded from 1-4-1 receipts of £2,400,000 and £3,600,000 of borrowing. (para 8.9 of report FIN/633).   f)       Approve the addition to the HRA Programme Maintenance budget of £6,792,086, this will be funded from SHDF Wave 2 Grant. (para 8.9 of report FIN/633). Reasons for the Recommendations To report to Members on the projected outturn for the year compared to the approved budget.