Issue - meetings

AGREED RECOMMENDATIONS

Reasons for decision – in order to ensure the financial resilience of the council

Other options considered – none

Conflicts of interest / dispensations granted – none

RESOLVED:

a)            That the forecast 2021/22 General Fund budget variance and summary update on the deliverability of agreed budget savings, (Section 3, Tables 1-2 and Appendices 1-2 of the report), be noted.

b)           That the forecast in-year budget variance on the Housing Revenue Account (HRA) (Section 4 of the report) be noted.

c)            That the further proposed allocation of Carbon Offset Funding of £3.037m over the next three years, to support delivery of the council’s Net Zero Carbon programme (Paragraph 3.10 and Table 3 of the report), be approved.

d)           That the 2021/22 capital expenditure forecast of £176.211m be noted, and it be noted that a review of the profiling of the capital programme is currently underway (Section 5, Table 4 and Appendix 3 of the report).

e)            That £0.119m be added to the 2021/22 capital programme for additional works on the Bunhill 2 Project (Paragraph 5.4 of the report) be approved.

f)             That, following approval by the Borough Investment Panel on 29 July 2021, the proposed allocation of £1.740m Community Infrastructure Levy funding (strategic element) to the People Friendly Streets programme (Paragraph 5.5 of the report) be approved.

Reasons for decision – in order to ensure the financial resilience of the council

Other options considered – none

Conflicts of interest / dispensations granted – none