Issue - decisions

CAPITAL BUDGET MONITORING 2023/24 PERIOD 6

18/12/2023 - CAPITAL BUDGET MONITORING 2023/24 PERIOD 6

 

To approve the following additions:

 

o          £915k for Green Homes, funded by Government Grant;

 

o          £713k for New Build Council Housing, funded by Government Grant;

 

o          £388k for Off-site Backup ICT Platform including the associated Cyber Security protection, which is to be funded from departmental reserves;

 

o          £300k for Network Improvement & Wi-Fi Replacement, which is to be funded from departmental reserves;

 

o          £237k for Disabled Facilities Grant, funded by Government Grant

 

Approve the following transfer:

o          £500k for Council Housing Boiler Replacements to be transferred from External property works.

 

Approve the following policy provision release:

 

o          £1,350k for Leicester Market Redevelopment to be funded from Programme Contingency policy provision.

 

Approve the following change of funding and transfers:

 

o          £170k transfer from Property Conversions to revenue reserves;

 

o          £12,953k of Levelling up project funding to be match funded from Business Rates Pool monies instead of capital reserves;

 

o          £8,453k transfer of revenue funding previously set aside in the capital fund to the managed reserve, retaining £4,500k for capital schemes.