Decision

RESOLVED that:

1)    the forecast outturn position in respect of the General Fund for 2023/24 be noted;

2)    the 2023/24 forecast outturn position on the Housing Revenue Account be noted;

3)    the forecast in respect of the Schools Budget and the Dedicated Schools Grant (DSG) for 2023/24 be noted;

4)    the forecast outturn position in respect of the capital programme for 2023/24 be noted;

5)    The re-profiling of a number of capital budgets be approved, which has the effect of decreasing capital budgets by £78.276m in 2023/24, and increasing capital expenditure budgets by £78.276m over the three year period 2024/25-2026/27, as outlined in Annex 1 (to the report);

6)    Capital expenditure budget of £1.924m be approved for the implementation of a new Housing IT System (increase from £0.691m to £2.615m; £1.049m in 2023/24 and £1.566m in 2024/25), as detailed in paragraph 51;

7)    Capital expenditure budget of £25.50m be approved for the acquisition of 50 HRA properties over the 3 year period 2023/24-2025/26, as detailed in paragraphs 52-54;

8)    Capital expenditure budget of £0.98m be approved for Guildhall 2 – Replacement Kitchen & Bathrooms (£0.33m in 2023/24, £0.65m in 24/25), as detailed in paragraph 10;

9)    Capital expenditure budget of £0.758m be approved for Lovelace Primary school renovations in 2023/24, as detailed in paragraph 11;

10)Capital Expenditure budget of £0.372m be approved for Household Reuse and Recycling centre and Waste Transfer Station project in Villiers Road (£0.08m in 2023/24, £0.292m in 2024/25), as detailed in paragraph 12;

11)A virement to allocate out centrally held budget to service areas following final agreement of 2023/24 pay award be approved, as detailed in paragraph 7.