Issue - meetings

Committee is asked to agree the attached requests for 2022-23 revenue expenditure to be carried forward to 2023-24.

Committee is also asked to note the treatment of approved refurbishment work at Roundwood Avenue and Charter Building.

The Committee considered a report that sought approval for the requests for £109.251 of 2022-23 revenue expenditure to be carried forward to 2023-24.

The Committee were also asked to approve the carry forward recommendations as outlined in 2.2 and 2.4 of the report as follows:

2.2 The request for a carry forward received from Pollution Control Operations, for the purchase and installation of a new air quality monitoring station costing £10,900 is carried forward, despite the fact that this budget is overspent.

2.4 The carry forward work at the Charter Building, which has already been approved by Council, is credited to the Sinking Fund, rather than credited the General Fund, as this expenditure relates to the refurbishment work being carried out for one of our investment properties, which is what the Sinking Fund was established for, this ensures that the funding for this project is ring fenced, and it will be released in 2023/24, meaning that the 2023/24 Budget will remain balanced.

The Committee resolved to approve the revenue expenditure of £109.251 from 2022-23 to be carried forward to 2023-24 and the recommendations as outlined above..