In presenting the 2024/25 draft budget to Cabinet, the Flexible use of Capital Receipts Policy was also presented for approval.
In April 2022 the Department for Levelling Up, Housing & Communities (DLUHC) announced that this initiative had been extended again. This time for the three years from 1 April 2022 to 31 March 2025 although redundancy costs are not now covered, except where such redundancy costs are necessarily incurred and limited to the amounts available as statutory redundancy payments.
As a result of the above the revised policy was taken to Cabinet to be adopted.
Decision type: Non-key
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 12/07/2023
Decision due: 11 Jan 2024 by Cabinet
Decision due: 16 Jan 2024 by Overview & Scrutiny Panel
Decision due: 8 Feb 2024 by Council
Lead member: Councillor Rob Yates, Cabinet Member for Corporate Services Cllr-Rob.Yates@thanet.gov.uk
Lead director: Chris Blundell
Contact: Chris Blundell, Director of Corporate Resources & S151 Officer Email: chris.blundell@thanet.gov.uk.