Financial Implications Clausole campione
Financial Implications. 7.1 The longer term proposals that are to be presented to Cabinet today are estimated to cost in the region of £4.5 million. It will however be necessary to undertake further detailed investigative work at the building to develop more detailed schedules of work to refine and confirm this estimate.
7.2 The Council and Awen are currently working together to determine the short term capital requirements to re-open the Muni in June 2020. It is anticipated that these requirements, once identified, will be included in the Council’s future capital investment programme.
7.3 In addition, the Council recognises that in the short term it will be necessary to provide a degree of revenue support to Awen to support the operation of the facility pending the more ambitious refurbishment proposals. These requirements were detailed in the original business case but will be reviewed in light of recent developments.
7.4 At the meeting of Cabinet on 18th June 2019, Members determined to authorise Officers to enter into detailed negotiations with Awen Cultural Trust to agree the terms of the lease and necessary financial support requirements to secure a sustainable future for the Muni Arts Centre. Subject to agreement of suitable terms, Cabinet authorised the Director of Public Health, Protection & Community Services in consultation with the Cabinet Member for Stronger Communities, Well-being and Cultural Services to make the necessary arrangements to transfer the Muni Arts Centre to Awen Cultural Trust
Financial Implications. Any expenditure for the providing of Member Development activities will be met from the Member Development Budget.
Financial Implications. 10.1 The financial modelling assumptions and implications are set out in the detail of this report. Members are not being asked to make any new financial decisions at this stage.
Financial Implications. There are no direct financial implications from this report. The development of an action plan will require consideration and identification of all resources including any financial provision, necessary to deliver the outcomes.
Financial Implications. 7.1 There are no financial implications aligned to this report.
Financial Implications. The Scrutiny Committee is empowered to enquire, consider, review and recommend but not to make policy decisions. As the recommendations in this report are to consider and review matters there are no direct financial implications at this stage in relation to any of the work programme. However, financial implications may arise if and when the matters under review are implemented with or without any modifications. Any report with recommendations for decision that goes to Cabinet/Council will set out any financial implications arising from those recommendations.
Financial Implications. 9.1 There are no financial implications aligned to this report.
Financial Implications. There are no financial implications directly arising from this report. The development of this event and its associated activities and resources including: promotion, social media messaging, Democracy website improvement, simultaneous translations and translation of supporting material will be identified and found from within existing financial resources.
Financial Implications. 6.1. The current estimated annual value of CTRS to be paid in 2020/21 is £25.375M, to 25,495 applicants (£23.984M to 24,650 applicants for 2019/20, as at December 2019). The additional cost implications which have arisen due to the increased caseload linked to the economic impact of the pandemic continue to be funded by WG.
6.2. Local Authorities receive fixed funding for the CTRS from WG, which means that as a local authority’s caseload, and hence costs, changes from that assumed when the WG funding was set, the local authority bears the financial risk of any variance.