Agenda item

Revenue and Capital Budgets - Latest Approved Budget 2022/23 and Original 2023/24 - excluding dwellings service charge income and expenditure

Report of the Chamberlain.


The Committee considered a report of the Chamberlain and the Executive, Director, Community and Children’s Services, which presented the annual submission of the revenue and capital budgets overseen by the BRC. It also sought approval to the provisional revenue budget for 2023/24, for subsequent presentation to the Finance Committee.


The Assistant Director, Barbican and Property Services, reminded Members that the Estate is almost 60 years old and expensive window and roof repairs  are inevitable. Members noted that the next meetings of the RCC and BRC would receive an action plan in respect of the works identified by the Stock Condition Survey. The Assistant Director also reminded Members of the need to identify and realise 12% savings next year, from the landlord’s budget, under the terms of the Target Operating Model (TOM).


In response to a question about the installation of fire stopping and compartmentation in corridors and apartments at Frobisher Crescent, the Assistant Director advised that, given the complexity of this project, the overall cost would be approximately £1.1m.  This report showed the approved expenditure to date.  




1.     The provisional 2023/24 revenue budget be approved for submission to the Finance Committee.


2.     The draft capital budget be approved.


3.     The Chamberlain  be authorised to revise these budgets to allow for further implications arising from departmental reorganisations and other reviews including corporate projects.


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