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Agenda and decisions

Venue: Council Chamber, Town Hall, Upper Street, N1 2UD. View directions

Contact: Mary Green 

Media

Items
No. Item

1.

Apologies for absence

Additional documents:

2.

Declarations of Interest

Additional documents:

3.

Minutes of previous meeting pdf icon PDF 112 KB

Additional documents:

Decision:

Confirmed as a correct record.

B1

Summer Medium Term Financial Strategy update

Additional documents:

Decision:

RECOMMENDATIONS

 

1.1 To note the latest Medium-Term Financial Strategy (MTFS) contained in Section 3 of this report and the changes to the medium-term budget gap compared to the forecast in the 2024/25 budget report, as summarised in Table 2.. To note the following for onward consideration by the Executive:

 

• 2% pay inflation per annum pay inflation over the entire forecast period. The previous assumption was 3% per annum in years one and two, followed by 2%.

• £4.000m being added to the 2025/26 MTFS pay inflation to provide some headroom for the possibility of some pay ‘catch-up’ being required over and above the 3% 2024/25 final budget report pay estimate.

• Updated demography estimates for the five-year forecast period to reflect current best estimates, to be reviewed and updated throughout the budget process. • Revised directorate non-pay inflation estimates for the forecast period, to be reviewed and updated throughout the budget process.

 • An additional £3.000m Inflation, Energy and Demand risk buffer in 2025/26 and over the medium term. Together with the restoration of the base Inflation, Energy and Demand contingency to 2023/24 levels in the 2025/26 budget, this brings the total Inflation, Energy and Demand contingency to £8.000m over the forecast period. • In recognition of the Second Homes Premium planned to be introduced for Council Taxpayers from 2025/26, an extra ~0.3% taxbase increase has been included in the MTFS, representing an estimated additional £0.388m income.

• An estimated additional £2.678m of social care funding being made available to Islington in 2025/26. This is based on forecasts provided by the council’s external financial advisors and is in line with the £0.500bn additional, national allocation announced by the government between the provisional and final 2024/25 local government finance settlements. This will be reviewed in the Autumn MTFS Update Report, as 2025/26 core funding projections become clearer.

• In addition to the social care funding assumed above, a continuation of Adult Social Care council tax precept flexibilities is considered probable for 2025/26 and is assumed, for financial planning purposes, at 2% in the latest budget forecast.

1.2. To note the high-level context, objectives and timeline for the 2025/26 budget setting process. (Section 4)

1.3. To note the latest position in relation to the earmarked reserves and balances and that reserves forecasts do not assume use of the Flexible Use of Capital Receipts Strategy in the financial year 2024/25. (Section 5)

1.4. To note the Housing Revenue Account (HRA) update. (Section 6)

1.5. To note the capital programme update. (Section 7)

 

DECISIONS:

 

AGREED RECOMMENDATIONS

 

Reasons for the decision – as detailed in the report

Other options considered – as detailed in the report

Conflicts of interest / dispensations granted none

 

B2

Islington Together: next steps pdf icon PDF 242 KB

Additional documents:

Decision:

RECOMMENDATIONS

1. To endorse the way forward set out in this report.

2. Agree to the Islington Together Delivery Plan 2024 to 2026, as outlined in Appendix A and note that the associated performance indicators that will be reported quarterly to the Executive from the autumn 2024.

3. Note the business planning framework that is being designed and piloted for implementation in late 2024/early 2025 as outlined in section 3.8 and Appendix B.

4. Agree to the establishment of an Islington Together Change Programme and governance, as outlined in section 3.10 to 3.18.

5. Note the response to the requirement for local authorities to produce Productivity Plans, as outlined in section 3.19 and Appendix C.

6. Note the top-level structure for the Corporate Management Team as outlined in 3.21 to 3.25 section of this report, subject to formal consultation with affected colleagues.

7. Note the proposals on working with our partners outlined in section 3.36 and suggested next steps through discussions with partners.

8. Note that naming conventions will need to change in the Constitution to reflect the new Corporate Management Team structure e.g. financial regulations and the scheme of delegation.

9. Agree to a Local Government Association Corporate Peer Review in late 2024.

 

DECISIONS

 

AGREED RECOMMENDATIONS

 

Reasons for the decision – as detailed in the report

Other options considered – as detailed in the report

Conflicts of interest / dispensations granted none

 

B3

Proposal for spending to address food Insecurity for families pdf icon PDF 185 KB

Additional documents:

Decision:

 

 

 

 

 

RECOMMENDATIONS

 

2.0. To agree the proposals for the allocation of the Household Support Fund in Table 4.

2.1. To agree the proposals for the allocation of the offset General Fund and Public Health grant in Table 5.

2.2. To delegate authority to the Corporate Director for Children and Young People to enter into grant agreements with the GLA for future rounds of the mayor’s grant for Universal Free Schol Meals funding at Key Stage 2

 

 

 

DECISIONS

 

AGREED RECOMMENDATIONS

 

Reasons for the decision – as detailed in the report

Other options considered – as detailed in the report

Conflicts of interest / dispensations granted none

 

B4

Major works payment options review pdf icon PDF 197 KB

Additional documents:

Decision:

 

 

 

 

RECOMMENDATIONS:

 

2.0. To agree the proposals for the allocation of the Household Support Fund in Table 4.

2.1. To agree the proposals for the allocation of the offset General Fund and Public Health grant in Table 5.

2.2. To delegate authority to the Corporate Director for Children and Young People to enter into grant agreements with the GLA for future rounds of the mayor’s grant for Universal Free Schol Meals funding at Key Stage 2

 

 

 

DECISIONS

 

AGREED RECOMMENDATIONS

 

Reasons for the decision – as detailed in the report

Other options considered – as detailed in the report

Conflicts of interest / dispensations granted none

 

B5

Finsbury Leisure Centre Redevelopment pdf icon PDF 310 KB

Additional documents:

Decision:

RECOMMENDATIONS:

 

Subject to ongoing gateway reports and financial viability assessments, to:

2.1 Note the increased project cost since Stage 2 and the project’s risk mitigation strategy including the retention of £32.7m in contingency (26% of net scheme cost) 2.2 Approve proceeding to Stage 4 based on Stage 3 Design and Viability Assessment.

2.3 Approve £4.6m additional funding for consultant and direct fees and PCSA fees until the end of Stage 4, mainly to cover increased requirements under the Building Safety Act, noting total forecast fee spend to end of stage 4 is £14.55m. Page 126 2.4 Note the costed risk included in the cost model plus the addition of optimism bias to cover additional risk not fully mitigated within the costed risks.

2.5 Note that while the FLCR scheme is based on a low carbon, policy compliant design, the gas[1]powered EC1 Energy Centre will be removed from the FLC&R site, its future to be resolved as part of a separate strategy for a borough-wide heat network (including Bunhill) that will form a future paper to Executive, also noting the issues set out in section 3.8.

2.6 Note the intention to develop of a wellbeing offer for local residents to take advantage of the co[1]location of leisure and medical facilities.

2.7 Note the full General Fund deficit of £31.029m and Housing Revenue Account (HRA) deficit of £3.187m based on current total cost including all contingencies.

2.8 Approve re-allocation of £6.55m of General Fund capital programme borrowing to FLCR, as set out in para 3.7.20 to mitigate additional revenue pressures of up to £0.711m per annum.

2.9 Note the intention to engage with the GLA to assess any opportunities to secure additional grant to support the affordable housing within the scheme.

2.10 Note that additional Executive approval will be sought prior to award of a construction contract at RIBA Stage 5

 

 

 

DECISIONS

 

AGREED RECOMMENDATIONS

 

Reasons for the decision – as detailed in the report

Other options considered – as detailed in the report

Conflicts of interest / dispensations granted none

B6

Renewal of lease - Units 9 and 10 Bush Industrial Estate pdf icon PDF 88 KB

Additional documents:

Decision:

RECOMMENDATIONS:

 

2.1. To approve renewal of the lease for Units 9 and 10 Bush Industrial, terms set out in Exempt Appendix 1

2.2. To approve sub lease for Unit 10 with the successful materials supply tender, terms set out in Exempt Appendix 1.

2.3. To delegate authority to enter into a new lease and to award a sub-lease to the Corporate Director of Community Wealth Building, after consultation with the Executive Member for Finance, Planning & Performance and the Corporate Director of Resources.

 

 

DECISIONS

 

AGREED RECOMMENDATIONS

 

Reasons for the decision – as detailed in the report

Other options considered – as detailed in the report

Conflicts of interest / dispensations granted none

 

B7

Extension to the existing contract for parking enforcement pdf icon PDF 98 KB

Additional documents:

Decision:

 

 

RECOMMENDATION:

To approve the extension of the existing parking enforcement services contract from 01 September 2024 until 31 March 2025.

 

 

DECISIONS

 

AGREED RECOMMENDATION

 

Reasons for the decision – as detailed in the report

Other options considered – as detailed in the report

Conflicts of interest / dispensations granted none

 

B8

Adopting the People-Friendly Streets individual exemption policy pdf icon PDF 278 KB

Additional documents:

Decision:

RECOMMENDATIONS:

 

2.1. To note the results of feedback received during the trial implementation period set out in Appendix 2.

2.2. To agree to adopt the Individual Exemption policy, with minor amendments as set out in paragraph 3.11 and Appendix 1.

2.3. To agree that once adopted, any further changes to the Individual Exemption policy considered necessary and justified be approved by the Director for Climate Change and Transport, following consultation with the Executive Member for Environment, Air Quality and Transport, under delegated authority.

 

DECISIONS

 

AGREED RECOMMENDATIONS

 

Reasons for the decision – as detailed in the report

Other options considered – as detailed in the report

Conflicts of interest / dispensations granted none

 

E1

Finsbury Leisure Centre redevelopment - exempt appendices

Decision:

Noted.

E2

Renewal of lease - Units 9 and 10 Bush Industrial Estate - exempt appendices

Decision:

Noted.