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RESOLVED;
 
General Fund
 

1)   
Note the revenue outturn position of +£7.3m
overspend for 2023/24

2)   
Note the year end position on reserves and balances
of £61.2m (excluding Statutory Reserves), particularly that
the level of general reserve at £25m is the desirable level
on a risk based approach as presented to Members in the 2024/25
budget report;
 

3)   
Note the application of the Councils flexible
capital receipts strategy to the value of £3.3m applied
against eligible transformation costs in 2023/24;
 

4)   
Note the regular monitoring and review of corporate
reserves in 2024/25 to be reported to Cabinet as part of the
Quarterly financial monitoring cycle;
 

5)   
Note the year end deficit position on the Collection
Fund of £8m, along with the
position on the DSG as part of the Council’s Safety Valve
agreement.
 
HRA
 

6)   
Note the HRA revenue outturn position of +£1m
deficit for 2023/24 and the year end reserves balance of
£33.9m;
 
Capital
 

7)   
Note the Council capital outturn position at
£148.2m for 2023/24
 

8)   
Note the £22.3m capital slippage from 2023/24
to 2024/25
paragraph 3.6.13 of the appended report;
 

9)   
Note the revised capital plan for the period 2024/25
onwards after taking into account the re-phasing of schemes and
additional grant funding assumptions (Appendix 2a: Summary Capital Plan and Appendix
2b: Detailed Capital Plan of the appended
report);
 

10)Approve
£0.75m additional borrowing for
the in-house fleet for home to school transport pilot (Appendix 3
of the appended report);
 

11)Approve the extension of the
existing Property Investment Fund loan facility for Kingsgate
shopping centre for a further 9 months, at the prevailing interest
rate (cost neutral for the Council) (Appendix 3 of the appended
report);
 

12)Approve the use of £0.14m
Libraries Improvement Grant Fund towards spend on the Kirklees Open
Access pilot project (Appendix 3 of the appended
report);
 
Treasury
Management
 

13) Note the Review of Treasury
Management activity for 2023/24 (Appendix 4 of the appended
report);