Purpose

Provisional year end position (subject to audit) on the General Fund services for both Revenue and Capital Expenditure for the 2023-24 financial year.

Decision

Cabinet

 

1)   
NOTED the provisional year end position,
variations to the 2023-24 approved budget and the resultant effect on the Council’s
balances and reserves for General and Special Expenses and revenue and capital;

 

2)   
Subject to final confirmation from Government, APPROVED
the re-purposing of the £2m Levelling Up Fund (LUF) grant from the theatre to
the Stockyard project to fund improvements to the existing trader hall and
associated infrastructure in support of an enhanced cultural offer;

 

3)   
INCREASED the current £11m in the capital
programme for the stockyard project to £13m, the additional £2m being fully
funded through the LUF grant;

 

4)   
APPROVED submission of a planning
application in relation to the required works.