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Issue - meetings

Capital Programme Monitor 2

Meeting: 21/01/2020 - Executive (Item 86)

86 Capital Programme - Monitor 2 2019/20 pdf icon PDF 293 KB

The Corporate Finance & Commercial Procurement Manager to present a report which sets out the projected out-turn position on the council’s capital budget for 2019/20, along with requests to re-profile budgets to and from current and future years.

Additional documents:

Decision:

Resolved:  (i)      That the 2019/20 revised budget of £136.870m, as set out in Table 1 at paragraph 6 of the report, be noted.

 

                   (ii)      That the re-stated capital programme for 2019/20-2023/24, as set out in Table 2 at paragraph 17 and detailed in Annex A, be noted.

 

                   (iii)     That the increase in the Shared Ownership Programme to reflect the sales receipts of £761k be approved.

 

                   (iv)    That the budget allocated to Askham Bar for detailed design work, and that planning submission is to be re-allocated to the Hospital Fields / Ordnance Lane site as per the Executive decision on 26 September 2019 (Minute 44), be noted.

 

                   (v)     That it be noted that the Modernisation and Major Repairs schemes have now been consolidated, as per the Monitor 1 report to Executive on 29 August 2019.

 

                   (vi)    That the appropriation of land from the general fund to the Housing Revenue Account for the building of dwellings at the Lowfield site, at a market value of £4m, be approved.

 

                   (vii)    That approval be given to continue the interim financial support arrangements for the York City Knights first team during the 2020 Rugby League season until YCK play their first game from the Stadium, on all the same principles as the financial support given in seasons 2017-2019.

 

Reason:     To enable the effective management and monitoring of the council’s capital programme.

Minutes:

[See also under Part B]

 

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.

 

Resolved:  (i)      That the 2019/20 revised budget of £136.870m, as set out in Table 1 at paragraph 6 of the report, be noted.

 

                   (ii)      That the re-stated capital programme for 2019/20-2023/24, as set out in Table 2 at paragraph 17 and detailed in Annex A, be noted.

 

                   (iii)     That the increase in the Shared Ownership Programme to reflect the sales receipts of £761k be approved.

 

                   (iv)    That the budget allocated to Askham Bar for detailed design work, and that planning submission is to be re-allocated to the Hospital Fields / Ordnance Lane site as per the Executive decision on 26 September 2019 (Minute 44), be noted.

 

                   (v)     That it be noted that the Modernisation and Major Repairs schemes have now been consolidated, as per the Monitor 1 report to Executive on 29 August 2019.

 

                   (vi)    That the appropriation of land from the general fund to the Housing Revenue Account for the building of dwellings at the Lowfield site, at a market value of £4m, be approved.

 

                   (vii)    That approval be given to continue the interim financial support arrangements for the York City Knights first team during the 2020 Rugby League season until YCK play their first game from the Stadium, on all the same principles as the financial support given in seasons 2017-2019.

 

Reason:     To enable the effective management and monitoring of the council’s capital programme.


 

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