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RESOLVED: That Council
approved:

 

(1)           
A capital budget of £0.080M to fund the
purchase and installation of a new chiller at the museum, paragraph
8.4 refers.

 

(2)           
A capital budget of £1.920M (£0.96M in
24/25 and £0.96M in 25/26) for round 3 of the Local Authority
Housing Fund. This would be fully funded from Government grants and
housing provider contributions, paragraph 8.5 refers.
 

(3)           
Bringing forward £0.008M of the backup and
business continuity hardware capital budget (from 2025/26 to
2024/25) and reducing the 2025/26 budget to
£0.057M.
 

(4)           
Bringing forward £0.672M of leisure funding to
allow upgrades to the fitness facilities in Hitchin to take place
in this financial year, instead of next financial year. This would
be made up of the £0.300M budget for Member Change and
Relaxation Area Refurbishment, and £0.372M of the 2025/26
allocation of the budget for providing capital funding to our
leisure provider.

 

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.