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RESOLVED: That Cabinet:

 

(1)  
Noted the forecast expenditure of £8.225M in 2023/24 on the
capital programme, paragraph 8.3 refers.
 

(2)  
Approved the adjustments to the capital programme as a result of
the revised timetable of schemes detailed in table 2, increasing
the overall estimated spend in 2024/25 and beyond by
£3.898M.
 

(3)  
Noted the position of the availability of capital resources, as
detailed in table 4 paragraph 8.6 and the requirement to keep the
capital programme under review for affordability.
 

(4)  
Approved the additional £40K spend on CCTV Replacement, as
detailed in table 3.
 
RECOMMENDED TO
COUNCIL:
 

(1)  
That it notes the position of Treasury Management activity as at
the end of September 2023 including the new Capital items.
 

(2)  
That it confirms the addition of the Local Authority Housing Fund
Phase 2 to the capital programme for 2023/24 and approves the
reprofiling of Bancroft & Priory Splash Pads from 2024/25 into
2023/24. Both as detailed in table 3.
 

REASONS FOR DECISIONS:
 
(1)           
Cabinet is required to approve adjustments to the capital programme
and ensure 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.