Issue - meetings

1. To note the capital outturn for the year of £184.8m.

2. To approve the proposed budget variations to the capital programme (2023/24 to 2026/27) as summarised in Table 1 and detailed in Appendix 1.

3. To approve additional budget of £0.55m for the Council’s agreed contribution towards Education City Youth Zone build, funded from General Fund borrowing.

4. To approve an additional £3.277m budget in relation to pre–agreed works within the HRA asset and compliance programme, funded from HRA borrowing.

5. To approve an additional budget of £1,510m on energy efficiency works at Philpot Square across 2024/25 and 2025/26, of which £0.755m will be funded by the Heat Network Efficiency Scheme grant and £0.755m from HRA borrowing.

Councillor Rowan Ree presented the report setting out the Council’s strategy for delivering on the ambitions to transform its services and invest money to help protect high quality essential services for its residents, including significant capital investment in the infrastructure of the Borough.

AGREED UNANIMOUSLY BY THE CABINET MEMBERS:

1. To note the capital outturn for the year of £184.8m.

2. To approve the proposed budget variations to the capital programme (2023/24 to 2026/27) as summarised in Table 1 and detailed in Appendix 1.

3. To approve additional budget of £0.55m for the Council’s agreed contribution towards Education City Youth Zone build, funded from General Fund borrowing.

4. To approve an additional £3.277m budget in relation to pre–agreed works within the HRA asset and compliance programme, funded from HRA borrowing.

5. To approve an additional budget of £1,510m on energy efficiency works at Philpot Square across 2024/25 and 2025/26, of which £0.755m will be funded by the Heat Network Efficiency Scheme grant and £0.755m from HRA borrowing.