Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: November 4, 2024

Purpose: To consider the Quarter 2 2024/2025 Finance, Performance and Risk Report

Content: Resolved   (1)          That the council’s performance, risk and finance Quarter 2 2024/2025 report be noted.   (2)          That the updated Corporate Debt Policy be approved.   (3)          That debt write offs totalling £43,660.32 be approved.   (4)          That the reprofiling of capital projects beyond 2024/25 and the subsequent update to the programme budget for this financial year 2024/25 be approved.   (5)          That it be noted that Cherwell District Council will be receiving £0.064m revenue grant funding from Oxfordshire County Council for the Household Support Fund round 6, which follows up on round 5 that was spent supporting residents through the cost-of-living crisis. This funding will support the work presented at the last Overview and Scrutiny meeting in Cherwell’s Cost of Living plan.   (6)          That the use of £0.050m of S106 funding approved under S151 Officer delegated authority to deliver the remaining elements of the Outdoor Sports project at Whitelands Farm Sports Ground be noted.   (7)          That the additional information relating to capital overspends in respect of Bicester East Community Centre and the Sunshine Centre reported to Executive in the August (period 5) financial performance report be noted.   (8)          That the removal of following projects with budgets totalling £0.652m from the Capital Programme be approved. ·          iTrent HR System Upgrades ·         Housing & UT Asset System ·         Retained Land ·         Expiring Energy Performance Certificates plus Associated Works ·         Energy Performance Certificates Government Implementation of target B – Strategic Plan ·         Car Park refurbishments ·         Car Parking Action Plan Delivery   (9)          That the increase in the building control fees and charges for 2024/25 with immediate effect (Appendix 12 to the report) be approved.