Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
It was RESOLVED:-
1.1 That funds be earmarked to the schemes as detailed in Appendix A of the report.
1.2 That delegation be given to the Strategic Director, in consultation with the Finance Cabinet Member and other relevant Cabinet Members and Suffolk County Council, to change the approved projects or identify new projects for earmarked funds to a limit of £20,000 per project.
Reason for Decision: To enable the specific identified projects to be progressed and the conditions of the pilot status to be complied with.
Alternative Options Considered and Rejected:
Option 1: Earmarking of funds as set out in the report.
Option 2: Funds remain unearmarked within a reserve.
Both options above have been considered and the recommended option within the report is Option 1, to allocate funds to specific projects. The reason the other option has not been recommended is because a condition of the pilot status being awarded is that the additional retained money should be invested in further growth initiatives. Leaving the funds within a reserve will not achieve the key aim of the pilot.
Any Declarations of Interest declared: None
Any Dispensation Granted: None
Publication date: 11/10/2018
Date of decision: 11/10/2018
Decided at meeting: 11/10/2018 - Babergh Cabinet
Effective from: 19/10/2018
Accompanying Documents: