Local democracy

Decision details

QTR 2 FINANCE POSITION STATEMENT FOR 2023-24

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

Resolved –

 

(1)      That the contents of Document “Q” and the actions taken to       manage the issues highlighted be noted.

 

(2)      That the following capital expenditure schemes as outlined in   section 14.9 and 14.11 to Document “Q” be approved:

 

(i)                £1.05m for city centre ducting. This will be funded by a                           mixture of current scheme budgets and £0.7m new corporate           borrowing.

(ii)               £1.4m for new equipment for enabled care This will be funded             by new corporate borrowing.

(iii)             £0.14m for the replacement of the rack seating at Victoria                   Hall. This will be funded from the general contingency                       budget.

(iv)             £0.3m for new Gym Equipment at two Leisure Centres,                      subject to final PAG approval. This will be funded by invest              to save borrowing.

(v)               £4m for the continuation of the Empty Homes Capital                         Programme. This scheme is already included in Reserve                  Schemes and will be funded from capital receipts generated             by the programme.

(vi)             £0.127m for the acquisition of a Nursery building that will be              developed as a teacher training facility. The acquisition will                   be funded from the general contingency budget and the                capital development works grant funded.

(3)       That it be noted that the following has been approved under Section 1.7 of the Financial Regulations: 

(i)            £2.3m for Phase 1 and Phase 2 of the Children’s Residential       homes capital scheme. These schemes are already included        in Reserve Schemes and will be funded from corporate      borrowing.

(ii)           £0.081m for the repair of the driveway and carpark at         Ingleborough Hall. This has been funded from the general       contingency budget.

To be actioned by: Director of Finance   

 

Overview and Scrutiny Committee: Corporate

 

 (Andrew Cross – 01274 436823)

 

 

Publication date: 08/11/2023

Date of decision: 07/11/2023

Decided at meeting: 07/11/2023 - Executive

Accompanying Documents: