Agenda, decisions and draft minutes

None received.

It was RESOLVED: -

That the minutes of the meeting held on the 9 September 2024 as set out in the tabled papers be confirmed and signed as correct record.

None received.

None received.

There were no matters referred from the Overview and Scrutiny or the Joint Audit and Standard Committees.

Please note the most up to date version can be found via the website:

Forthcoming Decisions List - Babergh District Council

The Forthcoming Decisions List was noted.

Cabinet Member for Finance, Assets and Investments

It was RESOLVED: -

1.1          That £538k was transferred from the Expected Credit Loss reserve to the Financial Resilience Reserve to make the latter reserve total £2.476m

1.2          That, subject to any further budget variations that arise during the rest of the financial year, the projected deficit on the General Fund Revenue Budget of £1.026m and the overspend on the Capital Programme of £1.272m referred to in Appendix A of the report be noted.

REASON FOR DECISION

To ensure that Members are kept informed of the financial position for both General Fund Revenue and Capital and to approve earmarked reserve transfer.

Alternative Options Considered and Rejected: None

Any Declarations of Interests Declared: None

Any Dispensation Granted: None

Full minute to follow.

It was RESOLVED: -

1.1          That £538k was transferred from the Expected Credit Loss reserve to the Financial Resilience Reserve to make the latter reserve total £2.476m

1.2          That, subject to any further budget variations that arise during the rest of the financial year, the projected deficit on the General Fund Revenue Budget of £1.026m and the overspend on the Capital Programme of £1.272m referred to in Appendix A of the report be noted.

REASON FOR DECISION

To ensure that Members are kept informed of the financial position for both General Fund Revenue and Capital and to approve earmarked reserve transfer.

Alternative Options Considered and Rejected: None

Any Declarations of Interests Declared: None

Any Dispensation Granted: None

Cabinet Member for Finance, Assets and Investments

It was RESOLVED: -

1.1          That, subject to any further budget variations that arise during the rest of the financial year, the projected deficit on the Housing Revenue Account of £10.343m and the overspend on the capital programme of £73k referred to in Appendix A of the report be noted.

REASON FOR DECISION

To ensure that Councillors are kept informed of the financial position for Housing Revenue Account.

Alternative Options Considered and Rejected: None

Any Declarations of Interests Declared: None

Any Dispensation Granted: None

Full minute to follow.

It was RESOLVED: -

1.1          That, subject to any further budget variations that arise during the rest of the financial year, the projected deficit on the Housing Revenue Account of £10.343m and the overspend on the capital programme of £73k referred to in Appendix A of the report be noted.

REASON FOR DECISION

To ensure that Councillors are kept informed of the financial position for Housing Revenue Account.

Alternative Options Considered and Rejected: None

Any Declarations of Interests Declared: None

Any Dispensation Granted: None

To consider whether, pursuant to Part 1 of Schedule 12A of the Local Government Act 1972, the public should be excluded from the meeting for the business specified below on the grounds that if the public were present during this/these item(s), it is likely that there would be the disclosure to them of exempt information as indicated against the/each item.

The author(s) of the report(s) proposed to be considered in Part 2 of the Agenda is/are satisfied that the public interest in maintaining the exemption outweighs the public interest in disclosing the information.

Cabinet Member for Finance, Assets and Investments

This item is exempt from call-in under Grounds of Urgency, as

agreed with the Chair of the Council.            

Grounds of Urgency are:

This decision is urgent because there would be a significant financial impact to the Council if the decision is not made in a timely way.

This item is exempt from call-in by General Exception, as agreed with the Chair of the Overview and Scrutiny Committee.

Grounds of Urgency were:

This decision was urgent because there would be a significant financial impact to the Council if the decision was not made in a timely way.

It was RESOLVED: -

That the recommendations as outlined in the report were approved.

REASON FOR DECISION

The Reason for Decision was outlined in the confidential report.

Alternative Options Considered and Rejected:

The Options considered and rejected were outlined in the confidential report.

Any Declarations of Interests Declared: None

Any Dispensation Granted: None