Decision details

Recommendations to Council:

1.         Note the forecast position for the 2013/14 revenue budget and capital investment programme.

2.         Approve the transfer to a change reserve and equalisation account, based on a 50:50 split, net income received from Market Walk in 2013/14.

3.         Approve a budget virement of £31k from the 2013/14 budget growth item Supporting the Expansion of Local Businesses (Business Improvement Growth Grant) to Starting in Business Grants.

4.         Note the forecast position on the Council's reserves.

5.         Approve the transfer of residual budget from the Leisure Centres capital improvement works to Astley Hall and Park Development Plan.

6.         Request Council approve the proposed re-profiling of the Capital Programme to better reflect delivery in 2013/14.

7.         To approve the use of revenue funding from the Small Business Rate Relief to replace borrowing as funding for short life capital schemes to achieve revenue savings in 2014/15 and beyond.

Recommendations to Council supported.