|
City of York Council |
Committee Minutes |
|
|
Meeting |
Executive |
|
|
Date |
26 August 2021 |
|
|
Present |
Councillors Aspden (Chair), Ayre, Craghill, Cuthbertson, D'Agorne, Runciman, Smalley, Waller and Widdowson |
|
|
In Attendance |
Councillor Douglas (on behalf of the Opposition Group Leader) |
|
Part B - Matters Referred to Council
32. Capital Programme - Monitor 1 2021/22
The Chief Finance Officer presented a report which set out the projected out-turn position of the council’s capital programme for the 2021/22 financial year, along with requests to re-profile budgets to or from current and future years.
A decrease of £62.138m was reported on the programme approved in February 2021, resulting in a revised programme for 2022/22 of £158.404m. Variances against each portfolio area were set out in Table 1 at paragraph 6 of the report and detailed in paragraphs 7-48. The revised 5-year programme was summarised in Table 2 at paragraph 49. Officers reported that the slippage was due mainly to the re-profiling of major schemes, as was to be expected with such complex projects.
In commending the recommendations to Members, the Executive Member for Finance & Performance welcomed the progress on a number of schemes, including the Guildhall, the Community Stadium and the completion of Marjorie Waite Court.
Recommended: That Council approve the adjustments resulting in a decrease in the 2021/22 budget of £62.138m, as detailed in the report and contained in Annex A.
Reason: To enable the effective management and monitoring of the council’s capital programme.
Cllr K Aspden, Chair
[The meeting started at 5.35 pm and finished at 7.27 pm].