Issue - meetings

To consider and decide on the recommendations as set out in the associated report. 

RESOLVED – 

1.    That the actual gross and net expenditure for the year and the sources of finance, as shown in Appendices B to D to the report, be noted.

2.    That the proposed variations to the Capital programme, set out in paragraph 4.3 to 4.4 of the report be approved; and

3.    That the proposed movement between years set out in note 4.5 of the report be approved.

REASON FOR DECISION:

Managing and forecasting capital expenditure effectively was vital in order to support all of the services provided by the Council

Councillor Christopher Hall, Cabinet Member for Finance and Performance introduced Jane Fineman, Head of Finance, Procurement and Parking who presented the report as set out in the agenda.

Discussion and questions from Members included the following:

-       Para 4.5 provided details of projects with a request that the budgets for these schemes be deferred into the next financial year. 

-       The Disabled Facilities Grant money (£1.7m) was given to the Council by Government but without much discussion as to need and the level of resources required from Kent County Council to make the appropriate assessments.  It was therefore difficult to know the impact the money might make on residents with disabilities as the numbers of those that could benefit were not known.

-       The Acquisition Sites Sports Strategy was not yet in a position to be taken forward but there should be no impact on the budget for next year.

-       Work on the Town Hall conversion was progressing according to schedule and was tied up with the new lease.

-       There was no plan significantly set aside for the Asset Acquisition Fund so this would also not affect the budget.

-       Details of the Housing Renewal Advances were included in Appendix E.  To date the Council had made advances of £26,735 with repayments in of approximately £26,000.   

-       Details of funds used to bring empty properties back into use were not known.

RESOLVED – 

1.    That the actual gross and net expenditure for the year and the sources of finance, as shown in Appendices B to D to the report, be noted.

2.    That the proposed variations to the Capital programme, set out in paragraph 4.3 to 4.4 of the report be approved; and

3.    That the proposed movement between years set out in note 4.5 of the report be approved.

REASON FOR DECISION:

Managing and forecasting capital expenditure effectively was vital in order to support all of the services provided by the Council

To consider and provide a recommendation to Cabinet on the proposals set out in the attached report. 

Jane Fineman, Head of Finance, Procurement and Parking introduced the report set out in the agenda.

RESOLVED – That the recommendations to Cabinet as set out in the report be supported.