See below for information regarding recent decisions that have been taken by the Council’s decision making bodies.
You can also visit the officer decisions page for information on officer delegated decisions that have been made.
This report sets out a proposal to use the
vacant old library building at Denmark Street, Wokingham as a
Post-16 SEND Hub. A detailed examination of options has been
undertaken and is included within the body of the report. The
proposal meets multiple council priorities, including promoting
positive outcomes for young people with SEND; utilising vacant or
underused assets; and reducing future costs in the Council High
Needs Block budget.
Decision Maker: Executive
Made at meeting: 28/11/2024 - Executive
Decision published: 28/11/2024
Effective from: 28/11/2024
Decision:
RESOLVED that the Executive:
1) noted the business case and options appraisal for a new Post-16 SEND Hub in Wokingham;
2) agreed the funding and financial implications as set out in the report; and
3) allocated the first floor of the former library on Denmark Street, Wokingham as the site for the development of the Post-16 SEND Hub.
4) request that the Children’s Services O&S Committee consider the project and provide their comments on the details of the project, the scope of the post-16 offer, and (when the details have been finalised) the implementation plan.
Wards affected: Non-specific;
Lead officer: Oliver Gill
To receive an update on the Council's Treasury
Management strategy.
Decision Maker: Executive
Made at meeting: 28/11/2024 - Executive
Decision published: 28/11/2024
Effective from: 28/11/2024
Decision:
RESOLVED that the Executive supported the Treasury Management Mid-Year Report 2024-25, recommended it to Council and noted that:
1) prudential indicators are set to provide guidelines to work within in accordance with the expectations set at the beginning of the year in the treasury management strategy, and it is a requirement to report progress against these.
2) that all approved indicators set out in the Treasury Management Strategy have been adhered to; with the exceptions of;
• Capital financing requirement – HRA.
• Ratio of financing costs to net revenue stream - HRA
3) As at the end of September 2024, the forecast for the total external general fund debt is £118m at March’25, which reduces to £108m after taking into account cash balances (net indebtedness) and is considerably lower than the estimate set out in the strategy of £171m, reducing interests costs in the current economic climate.
4) An improved position for the ratio of financing costs to net revenue stream – GF prudential indicator from the forecast when the strategy was set. This means the overall cost of capital was mostly funded from investment income and income received from commercial, regeneration and invest to save schemes.
5) The forecast general fund capital financing requirement (CFR) at 31st March 2025 was significantly lower than the estimate set out in the strategy at £392m from £434m. This will be achieved through reducing in year capital spending and maintaining significant levels of debt repayment (MRP).
Wards affected: Non-specific;
Lead officer: Mark Thompson