Issue - decisions

CAPITAL BUDGET MONITORING APRIL - MARCH 2023/24

07/08/2024 - CAPITAL BUDGET MONITORING APRIL - MARCH 2023/24

To:

 

Approve the carry forwards of resources for work programmes and provisions as detailed in the report to 2024/25.

 

Approve the following additions:

 

o          £4,150k for Replacement Cladding Phoenix Square, funded by an additional government grant

 

o          £1,014k for Highways Maintenance, funded by additional government grants

 

o          £558k for Early Years – Two Year Olds, funded by a government grant

 

Approve the following transfer:

 

o          £726k from HRA revenue underspends for kitchens and bathrooms, boiler replacements, rewiring, disabled adaptations, and insulation works

 

o          £289k of corporate resources from Onsite Construction Skills Hub to revenue reserves

           

Approve the following policy provision release:

 

o          Release £380k from the Strategic Acquisitions Policy Provision for the release of a leasehold on Southampton Street to continue land assembly in the cultural quarter

 

Approve the following reductions to the 2024/25 Capital Programme

 

o          £1,000k reduction in the budget for operational property maintenance