Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: December 19, 2024

Purpose: Authority was sought from Cabinet to move funding from the current Clock House scheme budget to a single contingency pot for the Ramsgate schemes. The aim is to support delivery of the existing schemes as the costs move from design costs, to construction costs. The budget for the Clock House remains within the programme for a refurbishment scheme to be delivered.

Content: Cabinet agreed the following:   1.  To note that moving funding between themes and projects up to a value of £5,000,000 is permissible under the Simplification Pathfinder Project;   2.  To the movement of £1,109,000 from the current Clock House project which has a higher than required budget to a contingency for Ramsgate projects;   3.  To delegate authority to the Section 151 Officer in consultation with the Leader of the Council, to approve the allocation of contingency funding to the Ramsgate projects, except that;   4.  To note that any potential future use of this contingency pot for the Port Infrastructure project will be presented to Cabinet for approval.