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Issue - meetings

Q3 20-21 Capital Programme Monitor

Meeting: 11/02/2021 - Executive (Item 97)

97 Capital Programme - Monitor 3 2020/21 pdf icon PDF 517 KB

The Chief Finance Officerto present a report which sets out the projected out-turn position on the capital programme for 2020/21 and asks Executive to recommend to Council the adjustments detailed in the report and in Annex A.

 

Additional documents:

Decision:

Resolved:  (i)      That the 2020/21 revised budget of £119.859m, as set out in paragraph 6 of the report and in Table 1, be noted.

 

                   (ii)      That the re-stated capital programme for 2020/21-2024/25, as set out in Table 2 at paragraph 75, be noted.

 

                   (iii)     That approval be given to fund the schemes listed in the table at paragraph 15 from the existing Maintenance programme for 2021/22.

 

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

 

 

Minutes:

[See also under Part B]

 

The Chief Finance Officerpresented a report which set out the projected out-turn position on the council’s capital programme for 2020/21, including any over or under-spends, along with requests to re-profile budgets to and from current and future years.

 

A decrease of £24.824m was reported on the approved capital budget, resulting in a revised programme of £119.859m.  Variances in each portfolio area were outlined in Table 1 at paragraph 7 of the report, and detailed in paragraphs 8-74.  The effect of the revisions was shown in Table 2, at paragraph 75.

 

Despite the disruption of capital investment during the pandemic, progress had been made in a number of areas including Shared Ownership homes, conversion of bus fleets, major expansion at Archbishop Holgate School, further rollout of ICT and completion of the Community Stadium.  Due to the impact of Covid-19, only a small number of schemes within the School Maintenance programme had been prioritised in the current year .  It was therefore proposed to re-profile a further £1.1m into 2021/22, as set out in paragraphs 14-15.

 

Resolved:  (i)      That the 2020/21 revised budget of £119.859m, as set out in paragraph 6 of the report and in Table 1, be noted.

 

                   (ii)      That the re-stated capital programme for 2020/21-2024/25, as set out in Table 2 at paragraph 75, be noted.

 

                   (iii)     That approval be given to fund the schemes listed in the table at paragraph 15 from the existing Maintenance programme for 2021/22.

 

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

 

 


 

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