77 Q1 Financial Report PDF 518 KB
Additional documents:
Decision:
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.
Minutes:
Decision
· £0.100m from the Transformation Service to the Digital service, relating to system licence costs.
· £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).
· £0.109m for improvement works to tennis courts across the borough.
· £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.