Issue - meetings

RESOLVED:   1)          That the movement of four capital projects from Tier 3 to Tier 2 of the Capital Programme, as detailed in section 1 of the report be approved.

2)That the addition of a capital purchase for £15k to Tier 2 of the Capital Programme as detailed in section 1 of the report be approved.

Reason for Decision

To ensure Cabinet are informed of the Council’s financial position and can take corrective action where needed if necessary.

The Budget monitoring report, a slightly updated version of which had been published,  was produced to update Cabinet on performance against the Councils Revenue and Capital budgets up to 31 December 2024. The report also included other key financials including movements and estimated balances of Earmarked Reserves, Aged debt balances, Council Tax and Business Rates collection.

The report had been updated to include in the movement of an additional capital programme item (Grounds Maintenance equipment) from tier 3 to tier 2.

In discussing the additional purchase of a fork lift truck it was confirmed that the new process was an important process in order to adhere to the corporate objectives ensuring only those projects moving forward were allocated the funding in the relevant year, but it was proposed that an emergency route was in place in the future  for minor items such as this.

RESOLVED:   1)          That the movement of four capital projects from Tier 3 to Tier 2 of the Capital Programme, as detailed in section 1 of the report be approved.

2)That the addition of a capital purchase for £15k to Tier 2 of the Capital Programme as detailed in section 1 of the report be approved.

Reason for Decision

To ensure Cabinet are informed of the Council’s financial position and can take corrective action where needed if necessary.