Issue - meetings

The purpose of this report is to set out the capital programme outturn position for 2023/24 including any under/overspends and adjustments, along with an update to the future years programme.

Resolved:

                      i.         Noted the 2023/24 capital outturn position of £98.377m and approved the requests for re-profiling totalling £23.054m from the 203/24 programme to future years;

                     ii.         Noted the adjustments to schemes increasing expenditure in 2023/24 by a net £1.708m;

                    iii.        Recommend to Full Council the restated 2024/25 to 2028/29 programme of £421.368m as summarised in Table 3 and detailed in Annex 1 to the report;

                   iv.        Agreed to a contribution of £200k from capital contingency to the York Museum Trust to fund roof works at York Castle Museum.

Reason:     To enable the effective management and monitoring of

the Council’s capital programme

The Chief Finance Officer noted the significant level of investment currently outlined in the Capital Programme. She confirmed that some slippage on projects had meant that funds were moved into future years.  

The Executive Member for Finance, Performance, Major Projects, Human Rights, Equality and Inclusion thanked officers for there work in maintaining an ambitious programme despite financial challenges and highlighted the importance of the capital programme for the city.

Resolved:

                      i.         Noted the 2023/24 capital outturn position of £98.377m and approved the requests for re-profiling totalling £23.054m from the 203/24 programme to future years;

                     ii.         Noted the adjustments to schemes increasing expenditure in 2023/24 by a net £1.708m;

                    iii.        Recommend to Full Council the restated 2024/25 to 2028/29 programme of £421.368m as summarised in Table 3 and detailed in Annex 1 to the report;

                   iv.        Agreed to a contribution of £200k from capital contingency to the York Museum Trust to fund roof works at York Castle Museum.

Reason:     To enable the effective management and monitoring of

the Council’s capital programme