Agenda item

A report by the Executive Director – Resources had been circulated.

It was moved and seconded:

That the County Council:

1.    Notes the carry forwards set out in paragraph 1.2 and 1.3 of the report, which are made in line with the Council's Financial Regulations;

2.    Approves the use of carry forwards of under spending in excess of 1.0% as set out in paragraph 1.4 of the report;

3.    Notes the transfers to and from reserves summarised in Table A of the report and the position of earmarked reserves as at 31 March 2019 also shown in Table A of the report;

4.    Notes the position in relation to general reserves set out in paragraph 1.8 and Table B of the report;

5.    Notes the Flexible Use of Capital Receipts in 2018/19 as set out in paragraph 1.9 to 1.14 and detailed in Appendix A of the report;

6.    Approves the amended Flexible Use of Capital Receipts strategy as detailed in Appendix B to the report; and

7.    Notes performance against the Prudential Indicators for 2018/19 as set out in Table C of the report.

An amendment was moved and seconded as follows:

To amend the amount recommended to be transferred to the Financial Volatility Fund by £1.350mto be allocated to expenditure in 2019/2020 on

Tackling Social Inequalities

Funding Children's Centres to raise attainment for children at the end of reception stage £250k

Funding Children's Centres as Maternity Hubs £500k

Sub Total £750k

Reducing Carbon Emissions

Commitment to Park and Ride in Lincoln for preliminary work in 2019/20 financial year £100k

Sub Total £100k

Tackling Climate Change

To fund some of these schemes so as to

• drive cultural change across the County Council
• investigate the opportunities to use a science based target to understand our contribution to regional and national emissions reductions to meet the 1.5°C target.
• support and champion the use of electric vehicles within Lincolnshire
• explore new and innovative projects that will save money, energy/emission and the environment (e.g. Verge Biomass to Green Energy project).
• work on a cross council basis to support more sustainable  ways of working including:
  • Working with procurement on the social value framework
  • Working with property to deliver energy reduction measures such as street lighting, solar PV and LED lighting
• strengthen ties with other local authorities and agencies across Lincolnshire and regionally to generate opportunities for multi area projects
• ensure our services are able to adapt to the changing climate via risk assessment, workshops and events.
• implement the projects defined with Carbon Management Plan 3 –
  • Building fabric improvements
  • Heating/ cooling system upgrades
  • Improved building controls
  • Lighting and light control upgrades
  • Deployment of zero carbon technologies
• support the waste team to reduce the carbon footprint of waste services as they seek to implement the waste strategy.

Sub Total £500k

Combined Total £1.350m

If £1.350m is agreed by council to fund these proposals this would leave £8.824m of carry forward to be added to the Financial Volatility Reserve. The Financial Volatility Reserve would then have a balance of £54.419m rather than the £55.769m the Council paper proposes.

Debate took place and upon being put to the vote, the amendment was lost.

Debate then took place on the substantive motion, and upon being put to the vote, the motion was carried.

RESOLVED

That the County Council:

1.    Notes the carry forwards set out in paragraph 1.2 and 1.3 of the report, which are made in line with the Council's Financial Regulations;

2.    Approves the use of carry forwards of under spending in excess of 1.0% as set out in paragraph 1.4 of the report;

3.    Notes the transfers to and from reserves summarised in Table A of the report and the position of earmarked reserves as at 31 March 2019 also shown in Table A of the report;

4.    Notes the position in relation to general reserves set out in paragraph 1.8 and Table B of the report;

5.    Notes the Flexible Use of Capital Receipts in 2018/19 as set out in paragraph 1.9 to 1.14 and detailed in Appendix A of the report;

6.    Approves the amended Flexible Use of Capital Receipts strategy as detailed in Appendix B to the report; and

7.    Notes performance against the Prudential Indicators for 2018/19 as set out in Table C of the report.