That the Cabinet notes the forecasted revenue outturn position and recommends that Council approves:

1.    The addition of the following new projects (full details in para 8.4) to the current capital programme:

·         Paignton Academy STEPS Relocation – project totalling £1,250,000.

·         EPIC Centre X-Ray equipment –A new project totalling £150,000.

2.    The provision of a £60,000 grant to the Shoalstone Seawater Pool Community Interest Company, subject to them being successful in their funding bid to the Community Ownership Fund (COF). This match funding (from reserves) will provide support towards the costs of major repairs required to the pool.

To ensure the Council operates in a prudent manner and works to maintain a balanced budget.

There were no alternative options considered.

The recommendation of the Cabinet will be considered at the Council meeting on 7 December 2023.

The Budget Monitoring 2023/24 report set out a high-level budget summary of the Council’s revenue and capital position for the financial year 2023/24, comparing budgets with year-end forecasts.

At the meeting, Councillor Tyerman proposed and Councillor David Thomas seconded a motion that was agreed unanimously by the Cabinet, as set out above.

None.