Issue - meetings

The Cabinet recommended to Council to:

1.1  Repurpose earmarked reserves and agree changes to the Capital Programme detailed at para 3.29 to release reserves that will result in the strategic priorities reserve balance of (£5,169,000).

1.2  Dispose of Venture House and include a budgeted capital receipt of (£650,000) in the Medium Term Financial Strategy to fund strategic priorities (a receipt greater than this level will increase the level of the strategic priorities reserve).

1.3  Approve the inclusion of a project with a budget of £2,000,000 in the Capital Programme (initially equally spread between 2022/23 and 2023/24) for BRS enabling works funded from this capital receipt and the strategic priorities reserve.

The Cabinet:

1.4  Noted that following these changes, there will be (£3,819,000) available in the strategic priorities earmarked reserve to fund other strategic priorities.