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RESOLVED: That Council:
 
(1)  
Noted the position of
Treasury Management activity as at the end of September
2024.

 
(2)  
Approved capital
budgets in 2025/26 for a new flume (£300k) and a
refurbishment of the pool changing rooms (£330k) at North
Herts Leisure Centre.

REASONS FOR DECISION:

 
(1)  
Cabinet has approved adjustments to the capital programme and has
ensured the capital programme is fully funded.

 
(2)  
To ensure the Council’s continued compliance with
CIPFA’s code of practice on Treasury Management and the Local
Government Act 2003 and that the Council manages its exposure to
interest and capital risk.

 
(3)  
The proposal to approve the 2025/26 capital budgets at North Herts
Leisure Centre in January (rather than in the usual budget report
at the end of February) means that the works can take place at the
same time as the decarbonisation works, and therefore not require
two periods where the pool cannot be used. It also provides a more
obvious benefit to users of the facility.