Decision details

GENERAL FUND AND CAPITAL OUTTURN 2023-24

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Purpose:

Provisional year end position (subject to audit) on the General Fund services for both Revenue and Capital Expenditure for the 2023-24 financial year.

Decision:

Cabinet

 

1)    NOTED the provisional year end position, variations to the 2023-24 approved budget and the resultant effect on the Council’s balances and reserves for General and Special Expenses and revenue and capital;

 

2)    Subject to final confirmation from Government, APPROVED the re-purposing of the £2m Levelling Up Fund (LUF) grant from the theatre to the Stockyard project to fund improvements to the existing trader hall and associated infrastructure in support of an enhanced cultural offer;

 

3)    INCREASED the current £11m in the capital programme for the stockyard project to £13m, the additional £2m being fully funded through the LUF grant;

 

4)    APPROVED submission of a planning application in relation to the required works.

Report author: David Scott

Publication date: 10/07/2024

Date of decision: 09/07/2024

Decided at meeting: 09/07/2024 - Cabinet

Accompanying Documents: