Decision details
Allocation of improvement project fund
Decision Maker: Policy and Resources Committee
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
As part of the 2024-25 budget setting, Council on 26 February 24 approved the creation of a £1.246m revenue project investment fund and a £1m environmental improvement capital fund for investment into specific improvement activities that will have a visible impact across the Borough. This report considers the specific improvement activities that these funds will be used for in 2024-25.
Decision:
Resolved – that,
1. The Neighbourhoods Project Investment Funds can be used for the improvement activities, detailed in appendix 1 be agreed.
2. Delegate monitoring of delivery of these projects, and the determination of arrangements for doing so be delegated to the Policy and Resources Finance Sub Committee.
Reasons for the decision:
Following approval of the investment funds at Council on 26 February 2024, Policy & Resources Committee was asked to consider and agree the specific improvement activities that these funds will be used for.
Alternative options considered:
The Policy & Resources Committee has previously considered a series of budget proposals as part of the 2024-25 budget setting process.
Report author: Matthew Bennett
Publication date: 20/03/2024
Date of decision: 20/03/2024
Decided at meeting: 20/03/2024 - Policy and Resources Committee
Effective from: 28/03/2024
Accompanying Documents: