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RESOLVED that Cabinet -
 

(a)   
notes the high level Financial Outturn Position, as
set out in the Portfolio Holder’s report (A.9) and the
initial favourable General Fund Revenue variance of £1.829m
for the year, which is currently held within the Revenue
Commitments Reserve;

 

(b)   
agrees the use of the General Fund Outturn for the
Year of £1.829m, as set out in Appendix A (Section
1a);

 

(c)   
endorses the use of existing budget of £0.144m
to provide financial support to Citizens Advice Tendring (CAT) in
2024/25, as set out within Appendix A (Section 1b);

 

(d)   
in respect of the additional £0.259m set aside
for reinvestment in the Parking Service, agrees a delegation to the
Portfolio Holder for Leisure and Public Realm to utilise this
funding during the year;

 

(e)   
in respect of the additional £0.100m made
available to support the Waste, Recycling and Street Cleansing
Contract, agrees a delegation to the Corporate Director (Operations
and Delivery), in consultation with the Portfolio Holder for the
Environment, to utilise the additional proposed budget to support
the work associated with the options appraisal / tender activities
for the Waste and Street Cleansing Contract;

 

(f)    
in respect of the additional £0.100m made
available to support the Seasonal Grounds Maintenance and Cleansing
Costs, agrees a delegation to the Corporate Director (Operations
and Delivery), in consultation with the Portfolio Holder for the
Environment and the Portfolio Holder for Leisure and Public Realm
to utilise the additional proposed budget to support any associated
work; 

 

(g)   
in respect of the £0.150m made available to
support the Walton-on-the-Naze
Lifestyles Facility projects associated with the Swimming Pool
Grant Funded Capital Projects, agrees a delegation to the Portfolio
Holder for Leisure and Public Realm to determine the business case
and associated allocation of this funding;

 

(h)   
in respect of the contribution of £0.144m to
CAT, agrees a delegation to the Leader of the Council, in
consultation with the Assistant Director (Partnerships) and the
Monitoring Officer, to extend the current Subsidy Scheme for
2024/25 (along the same principles of the decisions of Cabinet in
July 2023) before any payment is made along with other associated
governance arrangements ahead of 2025/26 as required;    

 

(i)    
agrees the budget adjustments for 2024/25, as set
out in Appendix A (Section 2);

 

(j)    
agrees the establishment of a Corporate Investment
Fund (CIF) along with the associated budget adjustments for
2024/25, as set out in Appendix A (Section 3), which includes the
three initial allocations from this fund; 

 

(k)   
after the further review of Carry Forwards from
2023/24 that for any items subsequently not approved the associated
amount shall be transferred to the CIF;

 

(l)    
notes the updates previously requested by Cabinet
that relate to the two carry forwards from 2022/23, as set out
within this report;

 

(m) 
agrees a delegation to the Council’s Section
151 Officer, in consultation with the Corporate Finance and
Governance Portfolio Holder, to adjust the outturn position for
2023/24 along with any corresponding adjustment to earmarked
reserves as a direct result of any recommendations made by the
Council’s External Auditor during the course of their audit
activities relating to the Council’s 2023/24 accounts;
and
 

(n)   
allocates a further £0.075m from the Corporate
Investment Fund in 2024/25 to support the Council’s digital /
data resilience via the following two activities:-
 

(1)   
increase the frequency of immutable backups from
quarterly to monthly; and

(2)   
the replacement of wireless access points within the Council’s
digital network across the Council’s estate.