Issue - meetings

1.            Cabinet noted the financial position for 2023-24 as at Quarter 1.

Cabinet

2.            Approved the following revenue budget virement:

·                     £0.100m from the Transformation Service to the Digital service, relating to system licence costs.

3.            Approved the following capital budget virement:

·                     £0.254m from Hemel Garden Community capital projects to support specific capital works at Buncefield Lane (£0.190m) and Grand Union canal improvements (£0.064m).

4.            Approved the following supplementary capital budgets, to be funded by capital grant:

·                     £0.109m for improvement works to tennis courts across the borough.

Resolved to Recommend

5.            Recommend to Council they approve the following additional slippage on the capital programme from 2022-23 :

·                     £1.000m relating to the buy-back of Council Homes purchased under Right to Buy Purchases. 

6.            Recommend to Council they approve the following draw down from the Council’s General Fund revenue reserves:

·                     £0.057m from the Council’s Litigation reserve, to support historic pension settlement costs.

Decision

1. That Cabinet note the financial position for 2023-24 as at Quarter 1.
2. To approve the following revenue budget virement:

·         £0.100m from the Transformation Service to the Digital service, relating to system licence costs.

3. To approve the following capital budget virement:

·          £0.254m from Hemel Garden Community capital projects to support specific capital works at Buncefield Lane (£0.190m) and Grand Union canal improvements (£0.064m).

4. To approve the following supplementary capital budgets, to be funded by capital grant:

·         £0.109m for improvement works to tennis courts across the borough.

5. To recommend to Council to approve the following additional slippage on the capital programme from 2022-23 :

·         £1.000m relating to the buy-back of Council Homes purchased under Right to Buy Purchases. 

6. To recommend to Council to approve the following draw down from the Council’s General Fund revenue reserves:

·         £0.057m from the Council’s Litigation reserve, to support historic pension settlement costs.

Corporate Priorities

A clean, safe and enjoyable environment

Building strong and vibrant communities

Ensuring economic growth and prosperity

Providing good quality affordable homes, in particular for those most in need

Ensuring efficient, effective and modern service delivery

Climate and ecological emergency

Statutory Officer Comments:

Monitoring Officer:

This report forms part of the Council’s regular financial monitoring and provides members with an overview of the Council’s financial position at the close of quarter 1.  The Monitoring Officer has no further comments to add to the report.

Deputy S151 Officer:

This is a Deputy S151 Officer report

Advice

Cllr Symington introduced the report and advised that all 3 OSC have reviewed this (Housing will be meeting tomorrow but have seen the agenda). 

There were no questions.

Councillor Tindall advised he would hear the parking report before the Strategic Risk Register to allow them to go into Part 2 if required.