Decision details

RESOLVED:

1.    That Cabinet note the Council’s forecast revenue and capital budget positions for the year and the commitment to develop a budget recovery plan.

2.    That Cabinet approve the use of the Council’s 2022/23 Adult Social Care Fair Cost of Care and Market Sustainability funding (see paragraphs 12-16)

3.    That Cabinet approve the extension of the empty homes initiative for three years to 2024/25, with a change that the baseline over which Districts and Boroughs (D&Bs) receive funding is moved from 2019 to 2021 (see paragraphs 17-19)

4.    That Cabinet approve the creation of an inflation hardship contingency, to manage the risk of construction and other inflation levels in Your Fund Surrey projects and delegate to the Executive Director of Customer & Communities and the Deputy Chief Executive & Executive Director of Resources, in consultation with the Cabinet Member for Communities & Community Safety and the Cabinet Member for Finance & Resources the ability to, in exceptional circumstances, award up to 10% of the bid value when presented with robust evidence that the variance is caused by the movement in the construction market, or inflation increases, since the original bids were submitted. The contingency will be met from the existing overall Your Fund Surrey programme allocation (see paragraphs 23-25).   

Reasons for Decisions:

This report is to comply with the agreed policy of providing a monthly budget monitoring report to Cabinet for approval of any necessary actions.

(The decisions on this item can be called-in by the Resources and Performance Select Committee)