Issue - meetings

Approved.

The Presiding Member set out the process that would be followed for this item.

The Section 151 Officer submitted a report which proposed a revised capital budget for 2024/25 and a capital budget for 2025/26 – 2028/29.

Original report proposed by Councillor A S Lewis. Seconded by Councillor

R C Stewart.

The Presiding Member stated that a budget amendment had been received from the Liberal Democrats / Independent Opposition Group.

Liberal Democrats / Independent Opposition Group Amendment

Proposed by Councillor P M Black. Seconded by Councillor C A Holley.

The amendment being:

Amendment to the HRA capital budget to increase the £70,000 for environmental improvements to £700,000 funded by borrowing the additional £630,000, the revenue costs of £38,115 to come from HRA reserves this year and to be absorbed into borrowing costs in future budgets.

Following debate and a vote, the amendment was not supported.

Substantive Motion

Discussion took place on the substantive motion.

Resolved that:

1)    The transfers between schemes and the revised budgets for schemes in 2024/25, be approved.

2)    The budget proposals for 2025/26 – 2028/29, be approved.

3)    Those individual schemes in Appendix B which are programmed over the 4-year period as described in this report, are committed and that their financial implications for funding over 4 years, be approved.

Call In Procedure – Subject to Pre-Decision Scrutiny: This decision is exempt from the Authority’s Call In Procedure as “the decision has been subject to Pre-Decision Scrutiny and there is no material change in relevant information / evidence”.

The Section 151 Officer & Director of Place submitted a report that proposed a revised capital budget for 2024/25 and a capital budget for 2025/26-2028/29.

Resolved that:

1)             The transfers between schemes and the revised budgets for schemes in 2024/25 be approved.

2)             The budget proposals for 2025/26-2028/29 be approved.

3)             Those individual schemes detailed in Appendix B of the report which are programmed over the 4-year period as described in the report be approved and committed and their financial implications for funding over 4-years also be approved.