Purpose

The report will set out a summary of the
Council’s actual revenue and capital spending for the
quarters to September 2024 together with the main variations from
the approved spending levels and impact on future budgets

Content

RESOLVED

That the
Cabinet:

a)            
notes the
projected outturn for the financial year 2024/2025 as summarised in
report
FIN/672.
 

b)            
approves the
capital virement of £204k from the ICT Replacement Reserve to
the People Systems Programme (PSP) project.
 

c)            
approves the
capital virement of £550k from the Green Tech Business Grants
project to the Innovation Centre Project within the Towns Fund
programme.
 

d)            
approves the
delegation to the Head of Corporate Finance, in consultation with
the Leader to approve a capital virement from the property reserve
to cover the costs of fit out and related work at Ashdown House, up
to the limit of £1.3m (as detailed in paragraph 8.8 of
report
FIN/672).

Reasons for the
Recommendations
 
To report to Members on the
projected outturn for the year compared to the approved
budget.