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Issue - meetings

Q2 20-21 Capital Programme Monitor

Meeting: 26/11/2020 - Executive (Item 65)

65 Capital Programme - Monitor 2 2020/21 pdf icon PDF 438 KB

The Chief Finance Officer to present a report which sets out the projected outturn position for 2020/21, including any under-spends,  over-spends and adjustments, along with requests to re-profile budgets to and from current and future years.

Additional documents:

Decision:

Resolved:  (i)      That the 2020/21 revised budget of £144.683m, as set out in Table 1 at paragraph 6 of the report, be noted.

 

                   (ii)      That the re-stated capital programme for 2020/21-2024/25, as set out in Table 2 at paragraph 43, be noted.

 

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

Minutes:

[See also under Part B]

 

The Chief Finance Officer presented a report which set out the projected out-turn position of the capital programme for 2020/21, including any under-spends, over-spends and adjustments, along with requests to re-profile budgets to and from current and future years.  The report did not reflect the capital schemes in the Asset Management Strategy update at Agenda Item 9; these would be included in the Monitor 3 report in February.

 

A decrease of £36.538m on the current approved programme was reported, resulting in a revised programme for 2020/21 of £144.683m. Variances against each portfolio area were set out in Table 1 at paragraph 11 of the report and detailed in paragraphs 12-42.

 

As reported on 1 October, work had been carried out to review the programme in the light of the Covid-19 pandemic, and the financial assumptions for all schemes would continue to be closely monitored.  Despite the disruption caused by the pandemic, progress had still been made in a number of areas, including purchase of land for the Northern Forest, roll-out of ICT for home working, and reservations of 20 of the 24 new build properties at Lowfield Green. 

 

The Executive Member for Finance & Performance highlighted significant progress made on schemes within the programme, including school improvements, the Centre of Excellence for Disabled Children, housing at Duncombe Barracks, the Guildhall, and the Community Stadium.

 

Resolved:  (i)      That the 2020/21 revised budget of £144.683m, as set out in Table 1 at paragraph 11 of the report, be noted.

 

                   (ii)      That the re-stated capital programme for 2020/21-2024/25, as set out in Table 2 at paragraph 43, be noted.

 

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


 

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