Items
No. |
Item |
1. |
Minutes of the Cabinet Meeting held on 13 January 2025 PDF 230 KB
Minutes:
That the minutes of the meeting
of the Cabinet held on 13 January 2025 be
confirmed and signed as an accurate record of the proceedings, and
that the outstanding actions be noted.
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2. |
Apologies for Absence
Minutes:
Apologies for absence were
received from Councillor Alex Sanderson and Councillor Bora
Kwon.
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3. |
Declaration of Interests
If a Councillor has
a disclosable pecuniary interest in a particular item, whether or
not it is entered in the Authority’s register of interests,
or any other significant interest which they consider should be
declared in the public interest, they should declare the existence
and, unless it is a sensitive interest as defined in the Member
Code of Conduct, the nature of the interest at the commencement of
the consideration of that item or as soon as it becomes
apparent.
At meetings where
members of the public are allowed to be in attendance and speak,
any Councillor with a disclosable pecuniary interest or other
significant interest may also make representations, give evidence
or answer questions about the matter.
The Councillor must then withdraw immediately from the meeting
before the matter is discussed and any vote taken.
Where Members of the
public are not allowed to be in attendance and speak, then the
Councillor with a disclosable pecuniary interest should withdraw
from the meeting whilst the matter is under consideration.
Councillors who have declared other significant interests should
also withdraw from the meeting if they consider their continued
participation in the matter would not be reasonable in the
circumstances and may give rise to a perception of a conflict of
interest.
Councillors are not
obliged to withdraw from the meeting where a dispensation to that
effect has been obtained from the Standards Committee.
Minutes:
There were no declarations of
interest.
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4. |
Update on 'Upstream London': the vision for the next phase of the Council's Industrial Strategy PDF 320 KB
Additional documents:
Decision:
That Cabinet:
- Notes the publication
of the recently launched Upstream London ‘white paper’
vision document.
- Notes the intention
to develop and cost a delivery plan.
Minutes:
Councillor Andrew Jones,
Cabinet Member for the Economy, introduced the report
with an update on the development of the next phase
of the Council’s pioneering Industrial Strategy: Upstream
London, launched in late November. This was the Council Industrial Strategy working in partnership in
particular with Imperial College London, as well as many different
partner institutions, educational and others in the borough and
beyond. At the same event the Council also launched the
Upstream Pathway Bond, a groundbreaking initiative giving people a
clearer pathway into new careers and more opportunities to develop
new skills.
Councillor Andrew Jones
stated that since the
inception of the Industrial Strategy, the Council had helped to
generate £6 billion of high-growth business investment,
creating over 13,000 jobs, increasing opportunities in the
community through working closely with partners including anchor
institutions, businesses and investors.
Councillor Zarar Qayyum,
Cabinet Member for Enterprise and Skills, added that the report
covered three main areas:
- Pathway - creating
pathways for businesses to invest to provide opportunities for
residents.
- Place – making
Hammersmith and Fulham the best place to do business.
- Partnership - various
partners across the globe had already signed up and there were many
more to come.
The Leader, Councillor Stephen
Cowan, praised the work done by Councillor Jones (who was also a
professor with a background as an economic geographer) which led to
a successful partnership with Imperial College London and to
signing up a growth agreement.
The Leader stated that since
the Industrial Strategy was launched in 2017 there had been the largest number of
spin-offs emerging from Imperial College London than any other
university in the UK. The second figure to note was the creation of
over 13,000 jobs. The third point was the £6 billion of high-growth business
investment. This successful model had
generated interest from many people around the world willing to
work with the Council. Therefore, the number of partners would
increase, and the innovation districts would spread across the
borough. This strategy was of upmost importance to the borough,
bringing a vast number of opportunities.
AGREED UNANIMOUSLY BY THE CABINET MEMBERS:
That Cabinet:
- Notes the publication
of the recently launched Upstream London ‘white paper’
vision document.
- Notes the intention
to develop and cost a delivery plan.
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5. |
H&F Private Rented Sector Policy PDF 178 KB
Additional documents:
Decision:
- That Cabinet adopts
the Private Rented Sector Policy for H&F (Appendix
1).
- That Cabinet notes
that a delivery plan will drive forward implementation of the
policy.
Minutes:
Councillor Frances Umeh,
Cabinet Member for Housing and Homelessness, introduced the policy
bringing a renewed focus to make private rented housing standards
among the best in London. Private
rented housing had increased significantly in the past two decades
and local evidence showed that a significant number of them were
poorly maintained and unaffordable for local residents. For many
years, Hammersmith and Fulham had been delivering a comprehensive
set of measures designed to improve the experience of private
renting in the borough. The Private Rented Sector Policy (PRS)
brought a renewed focus to how the Council could improve standards
under the four strategic priorities described on the policy. It
also set out a series of commitments under each of the four themes
focusing on a range of approaches to create a fair housing market
for residents.
AGREED UNANIMOUSLY BY THE CABINET MEMBERS:
- That Cabinet adopts
the Private Rented Sector Policy for H&F (Appendix
1).
- That Cabinet notes
that a delivery plan will drive forward implementation of the
policy.
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6. |
Revenue Budget and Council Tax Levels 2025/26 PDF 766 KB
Additional documents:
Decision:
That Cabinet is recommended to
consider this report, and make the following recommendations to
Full Council for approval, for the reasons set out in this report
and appendices:
- To approve a balanced
budget for 2025/26 as set out in the report, including the
underlying principles and assumptions.
- To approve
£12.3m of new investment on key services for
residents.
- To increase the
Hammersmith & Fulham element of Council Tax by 2.99% as
modelled by the Government in its spending power calculations for
local government.
- To apply the Adult
Social Care precept levy of 2% as modelled bythe Government in its
spending power calculations for local government.
- To approve fees and
charges, as set out in Appendix E, including freezing charges in
adult social care, children’s services, and General Fund
housing.
- To approve the
Medium-Term Financial Strategy and to note the proposed funding
reforms from 2026/27 onwards and budget projections to 2028/29 made
by the Executive Director of Finance and Corporate Services in
consultation with the Strategic Leadership Team. (Appendix
B)
- To note the statement
of the Executive Director of Finance and Corporate Services, under
Section 25 of the Local Government Act 2003, regarding the adequacy
of reserves and robustness of estimates (paragraph 66).
- To approve the
reserves strategy and forecast as set out in Appendix
H.
- To require all
Directors to report on their projected financial position compared
to their revenue estimates in accordance with the Corporate Revenue
Monitoring Report timetable.
- To authorise
Directors to implement their service spending plans for 2025/26 in
accordance with the recommendations within this report, the
council’s Standing Orders, Financial Regulations, relevant
Schemes of Delegation and undertake any further consultation
required regarding the Equalities Impact Assessment.
- Set the
council’s element of Council Tax for 2025/26 for each
category of dwelling, as outlined in the table below and in full in
Appendix A and calculated in accordance with Sections 31A to 49B of
the Localism Act 2011.
Category of Dwelling
|
A
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B
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C
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D
|
E
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F
|
G
|
H
|
Ratio
|
6/9
|
7/9
|
8/9
|
1
|
11/9
|
13/9
|
15/9
|
18/9
|
H&F (£)
|
640.69
|
747.47
|
854.25
|
961.04
|
1,174.60
|
1,388.16
|
1,601.73
|
1,922.08
|
- To note, based on the
Mayor of London’s draft consolidated budget, the element of
Council Tax to be charged by the Greater London Authority in
accordance with Section 40 of the Local Government Finance Act 1992
for each of the categories of dwellings as shown in the table
below.
Category of Dwelling
|
A
|
B
|
C
|
D
|
E
|
F
|
G
|
H
|
Ratio
|
6/9
|
7/9
|
8/9
|
1
|
11/9
|
13/9
|
15/9
|
18/9
|
b) GLA (£)
|
326.92
|
381.41
|
435.89
|
490.38
|
599.35
|
708.33
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817.30
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980.76
|
13.That the overall
Council Tax to be set at £1,451.42 per Band D property as
follows:
Category of Dwelling
|
A
|
B
|
C
|
D
|
E
|
F
|
G
|
H
|
Ratio
|
6/9
|
7/9
|
8/9
|
1
|
11/9
|
13/9
|
15/9
|
18/9
|
a) H&F (£)
|
640.69
|
747.47
|
854.25
|
961.04
|
1,174.60
|
1,388.16
|
1,601.73
|
1,922.08
|
b) GLA (£)
|
326.92
|
381.41
|
435.89
|
490.38
|
599.35
|
708.33
|
817.30
|
980.76
|
c) Total (£)
|
967.61
|
1,128.88
|
1,290.14
|
1,451.42
|
1,773.95
|
2,096.49 ...
view the full decision text for item 6.
|
Minutes:
Councillor Rowan Ree, Cabinet
Member for Finance and Reform, introduced the Council’s
Revenue Budget for 2025/26 which was a budget to fund the fight
against crime and anti-social behaviour in Hammersmith and Fulham,
investing both in fighting crime but also fighting the causes of
crime. Despite financial austerity, £12.3 million of new
investment had been allocated to vital Council services, £3.4
million of that was going direct towards crime prevention through
the Council’s Law Enforcement Team and Gangs Unit, including
additional investment to tackle Violence against Women and Girls,
£2.8 million towards Adult Social Care, £2.2 million
for Children Services, £1.8 million for Waste Collection and
Disposal Services, and £1.2 million towards homelessness
prevention.
Councillor Ree thanked
Sukvinder Kalsi, Executive Director of Finance and
Corporate Services, the finance officers and the Cabinet
Members who had been involved in balancing the budget across the
various departments, ensuring that the Council continued to offer a
Ruthlessly Financially Efficient approach to managing its
finances.
The Leader added that the
Ruthlessly Financially Efficient approach started in 2014 following
the government cuts in funding. As a result of new efficiencies,
new technology, modernisation programs, harder negotiations with
contractors and winning significant developer contributions, the
Council had been able to provide new services. The Council
introduced free breakfast for all school children, free adult
social care and, most importantly of all, the Council’s own
Law Enforcement Officers. It was the Council’s priority to
keep its residents safe and fighting against crime.
AGREED UNANIMOUSLY BY THE CABINET MEMBERS:
That Cabinet is recommended to
consider this report, and make the following recommendations to
Full Council for approval, for the reasons set out in this report
and appendices:
- To approve a balanced
budget for 2025/26 as set out in the report, including the
underlying principles and assumptions.
- To approve
£12.3m of new investment on key services for
residents.
- To increase the
Hammersmith & Fulham element of Council Tax by 2.99% as
modelled by the Government in its spending power calculations for
local government.
- To apply the Adult
Social Care precept levy of 2% as modelled bythe Government in its
spending power calculations for local government.
- To approve fees and
charges, as set out in Appendix E, including freezing charges in
adult social care, children’s services, and General Fund
housing.
- To approve the
Medium-Term Financial Strategy and to note the proposed funding
reforms from 2026/27 onwards and budget projections to 2028/29 made
by the Executive Director of Finance and Corporate Services in
consultation with the Strategic Leadership Team. (Appendix
B)
- To note the statement
of the Executive Director of Finance and Corporate Services, under
Section 25 of the Local Government Act 2003, regarding the adequacy
of reserves and robustness of estimates (paragraph 66).
- To approve the
reserves strategy and forecast as set out in Appendix
H.
- To require all
Directors to report on their projected financial position compared
to their revenue estimates in accordance with the Corporate Revenue
Monitoring Report timetable.
- To authorise
Directors to implement their service spending ...
view the full minutes text for item 6.
|
7. |
Four Year Capital Programme 2025-29 and Capital Strategy 2025/26 PDF 1 MB
Decision:
- To approve the
four-year General Fund Capital Programme budget at £103.8m
for the period 2025/26-2028/29 (presented in Table 2 and Appendix
1).
2.
To approve the continuation of rolling programmes
for 2025/26 funded from the Council’s mainstream resources.
For financial modelling purposes, these programmes are assumed to
continue at the same level until 2028/29:
|
£m
|
Corporate Planned
Maintenance
|
2.400
|
Footways and
Carriageways
|
2.030
|
Column Replacement
|
0.346
|
Total
|
4.776
|
3.
To delegate approval of the detailed programmes for
use of the rolling programmes, in recommendation 2, to the relevant
SLT Director in consultation with the Executive Director, Finance
and Corporate Services and the relevant Lead Cabinet
Member.
- To approve the
four-year Housing (HRA) Capital Programme at £428.5m for the
period 2025/26-2028/29 as set out in Table 6 and Appendix
1.
- To approve the
Capital Strategy 2025/26, as set out in the report.
- To approve the annual
Minimum Revenue Provision policy statement for 2025/26, as set out
in Appendix 2.
- To note the potential
financial impact of a number of development schemes not included in
the current programme but being in the various predevelopment
stages.
Minutes:
Councillor Rowan Ree, introduced the report setting out the
Council’s four-year Capital program for the period up to 2029
and the schemes within the programme. The Council was investing
£532.3m over the next four financial years to develop and
enhance its assets (including council housing), to meet its
strategic objectives and provide better outcomes for its residents,
businesses, and visitors.
AGREED UNANIMOUSLY BY THE CABINET MEMBERS:
- To approve the
four-year General Fund Capital Programme budget at £103.8m
for the period 2025/26-2028/29 (presented in Table 2 and Appendix
1).
2.
To approve the continuation of rolling programmes
for 2025/26 funded from the Council’s mainstream resources.
For financial modelling purposes, these programmes are assumed to
continue at the same level until 2028/29:
|
£m
|
Corporate Planned
Maintenance
|
2.400
|
Footways and
Carriageways
|
2.030
|
Column Replacement
|
0.346
|
Total
|
4.776
|
3.
To delegate approval of the detailed programmes for
use of the rolling programmes, in recommendation 2, to the relevant
SLT Director in consultation with the Executive Director, Finance
and Corporate Services and the relevant Lead Cabinet
Member.
- To approve the
four-year Housing (HRA) Capital Programme at £428.5m for the
period 2025/26-2028/29 as set out in Table 6 and Appendix
1.
- To approve the
Capital Strategy 2025/26, as set out in the report.
- To approve the annual
Minimum Revenue Provision policy statement for 2025/26, as set out
in Appendix 2.
- To note the potential
financial impact of a number of development schemes not included in
the current programme but being in the various predevelopment
stages.
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8. |
Treasury Management Strategy Statement 2025/26 PDF 1 MB
Decision:
It is recommended
that:
- Approval be given to
the future borrowing and investment strategies as outlined in this
report.
- The Strategic
Director of Finance, in consultation with the Cabinet Member for
Finance and Reform, be delegated authority to manage the
Council’s cash flow, borrowing and investments in 2025/26 in
line with this report.
- In relation to the
Council’s overall borrowing for the financial year, to
approve the Prudential Indicators as set out in this report and the
revised Annual Investment Strategy set out in Appendix
E.
Minutes:
Councillor Rowan Ree introduced
the report setting out the Council’s proposed Treasury
Management Strategy Statement and Annual Investment Strategy for
2025/26. The report looked into how the Council managed money
coming in and going out and ensured there was always enough to pay
relevant bills.
AGREED UNANIMOUSLY BY THE CABINET MEMBERS:
It is recommended
that:
- Approval be given to
the future borrowing and investment strategies as outlined in this
report.
- The Strategic
Director of Finance, in consultation with the Cabinet Member for
Finance and Reform, be delegated authority to manage the
Council’s cash flow, borrowing and investments in 2025/26 in
line with this report.
- In relation to the
Council’s overall borrowing for the financial year, to
approve the Prudential Indicators as set out in this report and the
revised Annual Investment Strategy set out in Appendix
E.
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9. |
The Housing Revenue Account (HRA) Budget (2025/26), Rents & Service Charges (2025/26) & HRA 10 Year Business Plan (2025/26 - 2034/35) PDF 334 KB
Decision:
That Cabinet agrees:
- To approve the
Housing Revenue Account 2025/26 budget for council homes as set out
in Table 1.
- To approve the HRA
10-year Business Plan for Council Homes (2025/26 – 2034/35)
as set out in paragraphs 3 - 4 of this report and Appendices 1 -
5.
- To approve a rent increase of 2.7%
from 7 April 2025 (in line with September 2024 CPI+1%), which
equates to an average weekly increase for tenants of £3.65 in
2025/26.
- To approve an
increase to shared ownership rents of 2.7% from 1 April 2025 (in
line with September 2024 CPI+1%).
- To approve changes to
tenant service charges to reflect the costs of providing communal
services from 7 April 2025, which equate to an average weekly
reduction for tenants of £1.32 in 2025/26.
- To approve a
reduction to charges for heating and hot water to reflect the costs
of provision of the district heating service from 1 April 2025,
which equate to an average weekly reduction for tenants and
leaseholders on the scheme of £0.45 (communal heating),
£1.99 (tenants’ personal heating) and £3.80
(leaseholders’ personal heating) in 2025/26.
- To approve an
increase to the management fee for temporary on licence properties
of 1.7% (in line with September 2024 CPI) from 7 April 2025.
- To approve an
increase to the rent and service charges for hostels of 2.7% from 7
April 2025 (in line with September 2024 CPI+1%).
- To increase garage
charges for council tenants, resident leaseholders, and for other
customers from 7 April 2025 by 1.7% (in line with September 2024
CPI).
- To note that any
change to parking charges on housing estates were considered
separately with the Council’s parking plans at Cabinet in
January 2025.
- To increase car space
rental charges for all customers by 1.7% from April
2025 (in line with September 2024
CPI).
- To approve an
increase in the Leasehold After Sale – Home Buy fees by 1.7%
from April 2025 from £232 to £237 (in line with
September 2024 CPI).
- To approve an
increase in the Leasehold Property Alterations fees by 1.7% from
April 2025.
Minutes:
Councillor Rowan Ree introduced
the report setting out the HRA budget and the 10-year Business Plan
for Council Homes. Over the following 10 years the Council was
going to invest £0.85 billion on new housing across the
borough as well as on its property stock, making sure they were
efficient, green and comfortable. This was only possible due to
successfully managing to get the HRA back onto a sustainable
footing and eliminating the structural deficit. As a result, the
Council was now able to reduce resident service charges, which was
part of this budget.
Councillor Frances Umeh added
that as part of this process there was an opportunity to discuss
the business plan with residents at both the Sheltered Housing
Forum as well as the Housing Representatives Forum and there was
positive feedback related to how officers and the team had worked
to ensure that there was Ruthless Financial Efficiency and
effective management of resources. In addition to their comments on
the rent and service charge, they wanted to be noted at Cabinet
that they did commend this business plan and were grateful for the
work.
Councillor Adronie Alford was
pleased that the HRA budget was balancing for this year while using
most of the contingency funds. However, she asked for reassurance
that there would be enough funds on the budget for any eventuality
the following year.
Councillor Ree stressed that
every year, as part of the budget setting, they built in new
contingencies to use for unforeseen circumstances such as repairs.
It was a priority for the Council that residents could live in high
quality housing.
AGREED UNANIMOUSLY BY THE CABINET MEMBERS:
That Cabinet agrees:
- To approve the
Housing Revenue Account 2025/26 budget for council homes as set out
in Table 1.
- To approve the HRA
10-year Business Plan for Council Homes (2025/26 – 2034/35)
as set out in paragraphs 3 - 4 of this report and Appendices 1 -
5.
- To approve a rent increase of 2.7%
from 7 April 2025 (in line with September 2024 CPI+1%), which
equates to an average weekly increase for tenants of £3.65 in
2025/26.
- To approve an
increase to shared ownership rents of 2.7% from 1 April 2025 (in
line with September 2024 CPI+1%).
- To approve changes to
tenant service charges to reflect the costs of providing communal
services from 7 April 2025, which equate to an average weekly
reduction for tenants of £1.32 in 2025/26.
- To approve a
reduction to charges for heating and hot water to reflect the costs
of provision of the district heating service from 1 April 2025,
which equate to an average weekly reduction for tenants and
leaseholders on the scheme of £0.45 (communal heating),
£1.99 (tenants’ personal heating) and £3.80
(leaseholders’ personal heating) in 2025/26.
- To approve an
increase to the management fee for temporary on licence properties
of 1.7% (in line with September 2024 CPI) from 7 April 2025.
- To approve an
increase to the rent and service charges for hostels of 2.7% from 7
...
view the full minutes text for item 9.
|
10. |
School Budget (Dedicated Schools Grant) 2025/26 PDF 915 KB
Decision:
- Schools Block Budget
2025/26 Financial Year:
- To approve the Local
Authority formula for allocating resources to Hammersmith &
Fulham schools for 2025/26 as set out in Appendix 1 the Authority
Proforma Tool (APT) for setting school budgets.
- To approve the
National Funding Formula (NFF) funding formula factor rates (as set
out in Appendix 1) as the basis for calculating the 2025/26 schools
funding formula, together with a minus 0.25% per pupil Minimum
Funding Guarantee (MFG) protection for individual schools versus
2024/25 levels with respect to pupil led funding. Minus 0.25%
represents the affordable protection achievable within the grant
funding allocation confirmed.
- To approve the
transfer of £1.23m being 1.0% of the total schools' block
allocation from the schools' block to the high needs block in the
2025/26 financial year. This is to support high needs education
expenditure for special educational needs in Hammersmith and
Fulham. This is subject to Ministerial
agreement from the Department of Education which is expected in
February 2025.
- If the 1% block
transfer is rejected by the Minister of State in February 2025, to
approve the budget allocation as per the alternative model as set
out in Appendix 2 with a reduced 0.5% block transfer to High
Needs.
- To approve
de-delegation budgets of £0.555m for maintained mainstream
schools only as confirmed by Schools Forum on 21 January
2025.
- To approve the
education functions budgets of £0.289m for maintained
mainstream schools only, as confirmed by Schools Forum on 21
January 2025.
- Central Services
Schools Block Budget 2025/26.
- To approve the
proposed budget allocation for Central Services Schools Block DSG
totalling £1.939m.
Minutes:
The
Leader introduced the report, on behalf of the Deputy Leader who
had sent her apologies, requesting approval of the final proposed
2025/26 schools block allocation and funding to schools through the
schools funding formula for the financial year ending 31 March
2026. Hammersmith and Fulham Schools
Forum had agreed the model for 2025/26 budget shares on 21 January
2025. Due to the timing of the
2024 General Election, it was not possible for Schools Forum to
agree a provisional model at the Schools Forum on the 12 November
2024. Therefore, it now required political endorsement by Cabinet
of the decision to agree the budget.
AGREED UNANIMOUSLY BY THE CABINET
MEMBERS:
- Schools Block Budget
2025/26 Financial Year:
- To approve the Local
Authority formula for allocating resources to Hammersmith &
Fulham schools for 2025/26 as set out in Appendix 1 the Authority
Proforma Tool (APT) for setting school budgets.
- To approve the
National Funding Formula (NFF) funding formula factor rates (as set
out in Appendix 1) as the basis for calculating the 2025/26 schools
funding formula, together with a minus 0.25% per pupil Minimum
Funding Guarantee (MFG) protection for individual schools versus
2024/25 levels with respect to pupil led funding. Minus 0.25%
represents the affordable protection achievable within the grant
funding allocation confirmed.
- To approve the
transfer of £1.23m being 1.0% of the total schools' block
allocation from the schools' block to the high needs block in the
2025/26 financial year. This is to support high needs education
expenditure for special educational needs in Hammersmith and
Fulham. This is subject to Ministerial
agreement from the Department of Education which is expected in
February 2025.
- If the 1% block
transfer is rejected by the Minister of State in February 2025, to
approve the budget allocation as per the alternative model as set
out in Appendix 2 with a reduced 0.5% block transfer to High
Needs.
- To approve
de-delegation budgets of £0.555m for maintained mainstream
schools only as confirmed by Schools Forum on 21 January
2025.
- To approve the
education functions budgets of £0.289m for maintained
mainstream schools only, as confirmed by Schools Forum on 21
January 2025.
- Central Services
Schools Block Budget 2025/26.
- To approve the
proposed budget allocation for Central Services Schools Block DSG
totalling £1.939m.
|
11. |
Early Years Budget (Dedicated Schools Grant) 2025/26 PDF 422 KB
Decision:
- To approve the
2025/26 budget of £12.920m for 3 and 4-year-olds in line with
grant conditions and according to the detailed model outlined in
the report.
- To approve the
2025/26 budget of £3.781m for 2-year-olds in line with grant
conditions and according to the detailed model outlined in the
report.
- To approve the
2025/26 budget of £3.611m for children from 9 months to 2
years old in line with grant conditions and according to the
detailed model outlined in the report.
- To note the
Department for Education Grant for Maintained Nursery School
Supplementary funding estimated at £1.103m for
2025/26.
Minutes:
The
Leader introduced the report requesting approval of the 2025/26
Early Years Block of the Dedicated Schools Grant, which covered the
existing childcare entitlements in addition to the expanding
entitlements for working parents of 2-year-old children and
children from 9 months up to 2 years old. It was important to
ensure that children got the right level of budgeting into their
early years’ development.
AGREED UNANIMOUSLY BY THE CABINET MEMBERS:
- To approve the
2025/26 budget of £12.920m for 3 and 4-year-olds in line with
grant conditions and according to the detailed model outlined in
the report.
- To approve the
2025/26 budget of £3.781m for 2-year-olds in line with grant
conditions and according to the detailed model outlined in the
report.
- To approve the
2025/26 budget of £3.611m for children from 9 months to 2
years old in line with grant conditions and according to the
detailed model outlined in the report.
- To note the
Department for Education Grant for Maintained Nursery School
Supplementary funding estimated at £1.103m for
2025/26.
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12. |
Capital Programme Monitor and Budget Variations 2024/25 (Quarter 3) PDF 1 MB
Decision:
- To note the overall
forecast of £226.6m for 2024/25 capital expenditure which is
a net decrease of £47.5m in comparison to the second quarter
forecast of £274.1m.
- To approve the
updated four-year capital programme for 2024-2028 of £666.2m,
as detailed in Appendix 1. This is a net increase of £89.8m
in comparison to the four-year programme of £576.4m approved
at Full Council in February 2024.
- To note the revenue
impact of any additional borrowing, as outlined in the Economic and
Strategic Overviewsection.
- To approve the net
increase in budget for the four-year Housing Capital Programme of
£30.1m funded from HRA borrowing, as detailed in the table in
Appendix 5
- To note the
prudential indicators presented in Appendix 4, as per Prudential
Code requirements.
Minutes:
Councillor Rowan Ree introduced the regular monitoring report
for the capital program. The capital expenditure forecast for the
third quarter of 2024/25 was £226.6 million and included
building new affordable housing, improving public realm, and
maintaining the existing council assets.
AGREED UNANIMOUSLY BY THE CABINET MEMBERS:
- To note the overall
forecast of £226.6m for 2024/25 capital expenditure which is
a net decrease of £47.5m in comparison to the second quarter
forecast of £274.1m.
- To approve the
updated four-year capital programme for 2024-2028 of £666.2m,
as detailed in Appendix 1. This is a net increase of £89.8m
in comparison to the four-year programme of £576.4m approved
at Full Council in February 2024.
- To note the revenue
impact of any additional borrowing, as outlined in the Economic and
Strategic Overviewsection.
- To approve the net
increase in budget for the four-year Housing Capital Programme of
£30.1m funded from HRA borrowing, as detailed in the table in
Appendix 5
- To note the
prudential indicators presented in Appendix 4, as per Prudential
Code requirements.
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13. |
Forward Plan of Key Decisions PDF 1 MB
Minutes:
The Key Decision List was
noted.
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