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City of York Council |
Committee Minutes |
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Meeting |
Executive |
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Date |
16 June 2022 |
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Present |
Councillors Aspden (Chair), Ayre, Craghill, D'Agorne, Mason, Runciman, Smalley, Waller and Widdowson |
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In Attendance
Officers Present |
Councillor Douglas
Ian Floyd – Chief Operating Officer Janie Berry – Director of Governance, and Monitoring Officer Debbie Mitchell – Chief Finance Officer Neil Ferris – Corporate Director of Place Jamaila Hussain – Director of Prevention & Commissioning Tracey Carter – Director of Housing, Regeneration & Economy Andy Kerr - Head of Regeneration & Economy Gary Frost – Major Transport Projects Manager John Roberts – Strategic Planning Policy Officer Sara Dilmamode – Local Plan Project Officer |
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Part B - Matters Referred to Council
13. Capital Programme Outturn 2021/22 and Revisions to the 2022/23 - 2026/27 Programme
[See also under Part A]
The Chief Finance Officer presented a report which set out the outturn position of the council’s 2021-22 capital programme, including any under or over spends, and provided an update on the impact on future years of the programme.
An outturn of £78.220m was reported on the approved 2021/22 budget of £127.584m; an overall variation of £49.364m. This comprised requests to re-profile a net -£49.153m of schemes to future years and adjustments to schemes increasing expenditure by a net £211k. The overall programme continued to operate within budget, due to careful management of expenditure.
Key areas of investment and outcomes were highlighted in paragraphs 2 and 3 of the report. Variances and re-profiling requests within each portfolio area were set out in Table 1 at paragraph 12 and detailed in the body of the report. These included additional costs of £4m related to completion of the Guildhall project. The report also highlighted the potential impact on major schemes and rolling programmes of increasing levels of inflation. The re-stated capital programme for 2022/23 to 2026/27 was shown in Table 3 at paragraph 97 and detailed in Annex A.
Recommended: That Council approve the re-stated 2022/23 to 2026/27 programme of £525.049m, as summarised in Table 3 at paragraph 97 of the report and detailed 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 5.30 pm and finished at 7.22 pm].