Purpose

To note the report and the
issues raised on this.

Decision

The Cabinet:
 

1.1.        
Reviewed the report and issues raised within and noted that
Leadership Team with Cabinet Members will continue to closely
monitor and manage the Medium Term Financial Strategy.
 

1.2.        
Approved the commencement of the procurement for the Burntwood Wet
Side changing room refurbishment works and delegated to the Cabinet
Member for Leisure and Major Projects to award the contract to the
preferred bidder subject to this being within Approved Budget.
 

1.3.        
Approved a delegation to the Cabinet Member for Finance and
Commissioning to approve virements between CIL funded projects
subject to remaining within the approved £1,550,000 budget
approval.
 

1.4.        
Approved the commencement of the procurement for the Padel Tennis
project and delegated to the Cabinet Member for Leisure and Major
Projects to award the contract to the preferred bidder subject to
this being within Approved Budget.
 

1.5.        
Recommended to Council to:
 
• Increase the BRS
infrastructure capital project by £50,000 funded by a new
grant from Homes England.
• Set aside a revenue
budget to fund the Food Festival in 2025/26 of £40,000 funded
from available general reserves.
• Increase the MTFS by
£834,000 for the projects detailed in the financial
implications section with funding provided by available general
reserves.
• To transfer the 3-year
Localities Funding Budget in the Capital Programme totalling
£225,000 and its associated funding from UKSPF and revenue to
the Revenue Budget to enable greater flexibility on how this budget
is spent.