Purpose

To facilitate financial management and control
of the Council's finances.

Initial date added to Forward Plan: 11 April 2025

Content

RESOLVED:

3.1    That the scheme for Finance and Corporate
Resources Directorate
as set out in section 10 be given approval as follows:
 
4 Year Digital
Transformation Programme: Resource and spend
approval of £9,378k (£770k in 2025/26,
£1,536k in 2026/27, £3,536k in
2027/28 and £3,536k in 2028/29) is requested to enable
Council Officers to implement the 4 year Digital Transformation
Programme to deliver the Council’s ambition of seamless
digital services for our residents using the best of modern
technology, digital and data approaches for our users.
 
3.2    That the
scheme for Homes, Climate and Economy Directorate as set out in
section 10 be given approval as follows:
 
Parking CCTV Camera
Upgrade: Resource and spend approval of £262k
in 2025/26 is requested to upgrade the Parking CCTV cameras
around the borough that have now reached the end of its useful
life.
 
EV Charge Points
Refresh: Resource and spend approval of £3,450k (£1,610k in 2025/26 and £1,840k in
2026/27) is requested to continue the borough wide programme of
installing electric vehicle charge points.
 
Dockless Cycle Hire Refresh: Resource
and spend approval of £1,369k (£740k in
2025/26 and £630k in 2026/27) is requested to continue
the borough wide programme of the dockless cycle hire scheme.
 
3.3    That the
S106 scheme summarised below and set out in section 11 be
noted:
 

S106

 

2026/27 £'000

Capital
 

45

 

Total S106 Capital
for Noting
 

45

 

 
 
3.4  To approve
allocation of £1.917m capital resources phased over three
years to appraise options, make recommendations, engage the
Department for Education (DfE), and
progress proposals for the optimum future use of two historic
school sites to RIBA Stage 2.
 
3.5  That the Quarter 2
Capital Monitoring for the period ending 30 September 2025 in
section 12 be noted.
 
3.6  That the
re-profiling of the budgets as set out in Appendix 3 and summarised
below be approved:
 

Current Directorate

 

Re-Profiling 25/26

 

Re-Profiling 26/27

 

Re-Profiling 27/28

 

 

£'000

£'000

£'000

Non Housing

(18,940)

18,659

281

Housing

(2,710)

2,710

0

Total

(21,650)

21,369

281

 
 
3.7  That the capital
adjustments of the budgets as set out in Appendix 3 and summarised
below be approved:
 

Current Directorate
 

Capital Adjustments

 

£'000

Non Housing

2,537

Housing

0

Total

2,537

 
 
3.8  To approve that the
Council enter into the Letter of Indemnity with NU Technology and
Learning Centres (Hackney) Limited in respect of refurbishment
works at Hackney Museum, in the form annexed to this report at
Appendix 4 (Exempt).
 
3.9  To delegate to the
Director, Legal, Democratic and Electoral Services the authority to
make and accept any amendments required to finalise the letter on
the basis that these amendments do not materially change the
financial or risk profile.