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Issue - meetings

Capital Programme Monitor 3

Meeting: 13/02/2020 - Executive (Item 96)

96 Capital Programme Monitor 3 pdf icon PDF 421 KB

The Head of Corporate Finance & Commercial Procurement to present a report which sets out the projected out-turn position on the capital programme for 2019/20 and asks Executive to recommend to Council the adjustments detailed in the report and Annex A.

Additional documents:

Decision:

Resolved:  (i)      That the revised 2019/20 budget of £121.456m, as set out in paragraph 6 of the report and in table 1, be noted.  

 

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

 

                   (iii)     That the transfer of £2.9m budget from the Local Authority (LA) Homes New Build and £200k from LA Homes project schemes in 2020/21 to Hospital Fields Road / Ordnance Lane, Burnholme and Duncombe Barracks, as set out in paragraph 21, be approved.

 

                   (iv)    That the allocation of £774k of funds within the overall Maintenance Programme towards a maintenance scheme at Huntington School in 2020/21, as set out in paragraph 14, be noted.

 

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

Minutes:

[See also under Part B]

 

The Corporate Finance & Commercial Procurement Manager (Interim s151 Officer) presented a report which set out the projected out-turn position on the capital programme for 2019/20, including any over or under-spends, along with requests to re-profile budgets to and from current and future years.

 

A decrease of £15.414m was reported on the approved capital budget, resulting in a revised programme of £121.456m.  Variances in each portfolio area were outlined in Table 1 at paragraph 7 of the report, and detailed in paragraphs 9 to45.  The effect of the revisions was shown in Table 2, at paragraph 46.

 

The Executive Member for Finance & Performance commended the budget and recommendations, highlighting the recent opening of the Burnholme sports centre and progress made on the restoration of the Guildhall and the Community Stadium.

 

Resolved:  (i)      That the revised 2019/20 budget of £121.456m, as set out in paragraph 6 of the report and in table 1, be noted.  

 

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

 

                   (iii)     That the appropriation of land from the general fund to the HRA for the Burnholme site, at a market value of £3m, be approved.

 

(iv)    That the transfer of £2.9m budget from the Local Authority (LA) Homes New Build and £200k from LA Homes project schemes in 2020/21 to Hospital Fields Road / Ordnance Lane, Burnholme and Duncombe Barracks, as set out in paragraph 21, be approved.

 

                   (v)     That the allocation of £774k of funds within the overall Maintenance Programme towards a maintenance scheme at Huntington School in 2020/21, as set out in paragraph 14, be noted.

 

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


 

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