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City of York Council |
Committee Minutes |
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Meeting |
Executive |
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Date |
21 January 2020 |
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Present |
Councillors Aspden (Chair, in the Chair for Agenda Items 1-9 and 11-14), Ayre, Craghill, Cuthbertson, D'Agorne (Vice Chair, in the Chair for Agenda Item 10), Runciman, Smalley, Waller and Widdowson |
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In Attendance |
Councillor Perrett (in place of Cllr Myers) |
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Part B - Matters Referred to Council
88. Capital Programme - Monitor 2 2019/20
[See also under Part A]
The Principal Accountant (on behalf of the Interim S.151 Officer) presented a report which set out the projected out-turn position of the council’s capital budget for 2019/20, along with requests to re-profile budgets to and from current and future years.
A decrease of £68.608m on the current approved programme was reported, resulting in a revised programme of £136.870m. There was an increase of £113k in 2019/20, offset by a £68.721m decrease due to re-profiling of budgets to future years, mostly due to a review of the York Central budget. Progress had been made against a number of key areas, including work beginning on the restoration of the Guildhall and the appointment of a contractor to build new homes at Lowfield. Variances against each portfolio area were set out in Table 1 at paragraph 6 of the report and detailed in paragraphs 8 to 48.
Executive approval was sought to:
· Increase the Shared Ownership Scheme budget to reflect the re-investment of capital receipts from equity sales;
· Appropriate land from the general fund to the HRA for the building of dwellings on the Lowfields site;
· Continue financial support for York City Knights.
Recommended: That Council approve the adjustments resulting in a decrease in the 2019/20 budget of £68.608m, as detailed in the report to Executive and contained in Annex A to that report.
Reason: To enable the effective management and monitoring of the council’s capital programme.
Cllr K Aspden, Chair
[The meeting started at 5.30 pm and finished at 6.47 pm].