RESOLVED TO RECOMMEND:
1.
Consider the budget monitoring position
for each of the above accounts;
2.
Recommend to Council approval of the
revised capital programme to move £4.956m slippage identified
at Quarter 3 into financial year 2020/21 as detailed in Appendix
C;
3.
Recommend to Council approval of
supplementary revenue budgets funded from reserves:
·
Supplementary budget of £40k in
the Neighbourhood Delivery service, funded from the Management of
Change reserve, to fund interim resource to support delivery of new
service initiatives
·
Additional budget of £30k in the
Elections service, funded from drawdown of £30k from the
Election reserve
·
Supplementary budget in the Planning
service of £103k to fund the revenue costs of implementation
of new Planning software, funded from the Planning &
Regeneration reserve
·
Supplementary budget of £170k to
fund costs relating to the Hand Arm Vibration legal case, to be
funded from the Litigation Reserve.
·
Supplementary budget of £28k in
Waste Services to fund consultancy work to support service
improvements, funded from the Management of Change
reserve
·
Supplementary budget of £80k in
the garages employees budget to fund interim resource, funded from
the Invest to Save reserve
·
Supplementary budget of £60k to
fund one-off expenditure for a garage stock condition survey,
funded from the Invest to Save reserve
4.
Recommend to Council approval of
supplementary capital budgets required to deliver several service
changes as set out below:
·
A capital budget of £66k to fund
replacement boilers at Berkhamsted Leisure Centre
·
A capital budget of £55k to fund
new poolside flooring at Berkhamsted Leisure Centre
· Additional capital budget of £598k in the Affordable Housing Development fund, funded from Housing one-for-one (‘1-4-1’) receipts
5.
Recommend to Council additional reserves
drawdowns as set out below:
·
Drawdown of £1,750k from the
Vehicle Replacement Reserve to fund capital investment in the
Council’s waste fleet
·
Drawdown of £8k from Tring
Swimming Pool reserve to fund capital works at the site.
6.
Approve a capital virement of
£900k to reallocate budget for the acquisition of Eastwick
Row from the HRA New Build General budget to the Eastwick Row
budget
7. Agree the annual update of the Council’s flexible use of capital receipts strategy at Appendix D of this report.