Issue - meetings

Report of the Head of Finance

Presented by the Corporate Portfolio Holder

The Corporate Portfolio Holder presented the report to Members and drew their attention to the addendum that was included in the additional papers.

He advised Members that the report contained the projected outturn for the current financial year and that there were sufficient resources available to finance the schemes as detailed within the report.

The Housing Portfolio Holder updated Members on the H.R.A Capital Programme.

He informed Members that following recent surveys, the volume of work indicated was higher than that in the HRA Business Plan and that to complete the whole year’s programme it was estimated that approximately £1.9m extra would be needed.

He advised Members that the Council was in the process of conducting a Value For Money assessment and that a full report would be brought back to Cabinet to consider in March.

The Chairman stated that the Authority wanted to ensure all homes were decent by 2015 following the decision to keep the housing stock. He also took the opportunity to thank, on behalf of the Cabinet, the Head of Housing, the Housing Management Team Manager and their team for the sensitive way in which they were handling the Fire Risk Scheme at the Caravan Site at Appleby Magna.

It was moved by Councillor N J Rushton, seconded by Councillor R D Bayliss and

RESOLVED THAT:

1)    The estimated General Fund, Coalville Special Expenses and H.R.A. Capital Outturn for 2013/14 and Planned Financing be noted.

2)    Council be recommended to approve expenditure in 2014/15 as per:

·         appendix “A” General Fund  and Special Expenses Capital Schemes

·         appendix “B” for HRA Capital Schemes and in 2015/16 these schemes only:

·         £617,000 for the vehicle replacement programme, as highlighted * in appendix “A”

3)    Cabinet notes the proposed procurement routes and delegates the authority to award the contracts, as detailed in section 7 (procurement options) of this report and waive contract procedure rule 5.14 in respect of the car park resurfacing to be undertaken in the 2014-2015 year.

4)    Cabinet notes the two issues relating to the available budget for the 2014/15 Decent Homes Improvement Programme, and the recently identified additional number of non decent homes, and agrees to receive a further report detailing the implications for the 2014/15 Capital Programme at the Cabinet meeting on 4 March 2014.

Reason for decision:To enable projects included in the Programmes to proceed.