BUDGET MONITORING P6 2024/25
Cabinet:
1. Noted the contents of the report and the current forecast year end position.
2. Noted that officers will work together to take action to reduce the overall projected General Fund deficit for 2024/25.
Cabinet seek approval from full Council:
3. to include an addition to the revenue budget of £13,000 for an addition to existing Exacom software as laid out in paragraph 4.8.1
4. to include a permanent increase to the revenue budget of £34,000 for an additional member of staff in the Licensing Team as detailed in paragraphs 4.8.2 to 4.8.5. This will be funded from the ring-fenced licencing income.
5. to include an additional capital budget of £22,000 to complete the Cromer Offices LED lighting project. This is to be funded from the Net Zero Initiatives reserve as detailed in paragraph 5.4.2
6. to include an additional capital budget of £5,600 to pay the retention sum for the Crinkle Crankle Wall and that this is funded from the Major Projects Reserve as detailed in paragraph 5.4.3
7. to include an additional capital budget of £30,000 to rethatch the Collector’s Cabin roof and that this is to be funded from the Asset Management reserve as detailed in paragraph 5.4.4
8. to include an additional capital budget of £23,400 to develop the customer services C3 software and is to be funded from the Development Plan reserve. as detailed in paragraph 5.4.5