Agenda and minutes

Cabinet approved the following appointments:

Southern Port Welfare Committee – Councillor Rayment

Southampton Solent University Board of Governors - Councillor Winning

Joint Pension Fund Panel – Councillor Letts to replace Councillor Leggett

Safe City Partnership Board - Councillor Renyard to replace Councillor Kataria

Port Health Consultative Board – Councillor Renyard to replace Councillor Leggett

Project Integra Strategic Board – Councillor Keogh to replace Councillor Leggett

DECISION MADE: (CAB 23/24 37867)

On consideration of the report of the Cabinet Member for Finance and Change, Cabinet agreed the following, to:

(i)  Note the revised General Fund Capital Programme, which totals £308.84M as detailed in paragraph 3.

(ii)  Note the HRA Capital Programme is £255.70M as detailed in paragraph 3.

(iii)  Approve the addition and spend of £0.68M to the Children & Learning programme in 2024/25, as detailed in paragraph 7 and Appendix 1.

(iv)  Approve the addition and spend of £1.58M to the Place programme in 2023/24, as detailed in paragraphs 8 to 10 and Appendix 1.

(v)  Accept the Local Authority Housing Fund grant of £1.713m from DLUHC, receivable in two tranches in March and September, as detailed in paragraph 11.

(vi)  Approve the addition and spend of £1.71M to the HRA programme in 2023/24, as detailed in paragraph 11 and Appendix 1.

(vii)  Approve slippage of £4.51M within the General Fund programme, as detailed in paragraphs 12 to 14 and Appendix 3.

(viii)  Note that the overall forecast position for 2023/24 at quarter 1 is £176.52M, resulting in a potential underspend of £1.18M, as detailed in paragraphs 15 to 17 and Appendix 2.

(ix)  Note that the capital programme remains fully funded up to 2027/28 based on the latest forecast of available resources although the forecast can be subject to change; most notably regarding the value and timing of anticipated capital receipts and the use of prudent assumptions of future government grants to be received. It is also important to note that in times of rising interest rates, inflationary pressures and future budget shortfalls the capital programme needs to be kept under review.

Report of Cabinet Member for Finance and Change.

DECISION MADE: (CAB 23/24 37865)

On consideration of the report of the Cabinet Member for Finance and Change, Cabinet agreed the following, to:

General Revenue Fund

(i)  Note the forecast outturn position is a £20.91M deficit, after taking account of £9.08M agreed in-year cost control measures, as outlined in paragraphs 3 to 8. 

(ii)  Note the performance in delivering agreed savings plans and in-year cost control measures for 2023/24 as detailed in paragraph 9.

(iii)  Note the performance of treasury management, and financial outlook in paragraphs 10 to 14.

(iv)  Note the performance against prudential indicators in paragraph 15.

(v)  Note the forecast year end position for reserves and balances as detailed in paragraphs 16 to 18.

(vi)  Note the Key Financial Risk Register as detailed in paragraph 19.

(vii)  Note the performance indicators detailed in paragraphs 25 and 26.

(viii)  Note the forecast outturn position outlined in the Collection Fund Statement detailed in paragraphs 30 to 36.

(ix)  Agree the draft action plan attached at Appendix 9.

Housing Revenue Account

(x)  Note the forecast outturn position is a surplus of £0.58M as outlined in paragraphs 27 and 28.

DECISION MADE: (CAB 23/24 37709)

On consideration of the report of the Cabinet Member for Environment and Transport, Cabinet agreed the following:

(i)  To adopt the Vehicle Removals Policy 2023.

(ii)  To delegate authority to the Executive Director Growth following consultation with the Director Legal, Governance and HR to do anything necessary to implement the contents of the Vehicle Removals Policy 2023 including but not limited to entering into contracts for the removal of vehicles and amending Traffic and other Orders as required.