Issue - meetings

The Chief Finance Officer to present a report which sets out the projected outturn position of the council’s capital programme for 2022/23, including any under/over spends and adjustments, along with requests to re-profile budgets to and from current and future years.

Resolved:  (i)      That the 2022/23 revised budget of £192.750m, as set out in Table 1 at paragraph 8 of the report, be noted.

                   (ii)      That the restated capital programme for 2022/23 – 2026/27 as set out in Table 2 at paragraph 28, be noted.

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

[See also under Part B]

The Chief Finance Officer presented a report which set out the projected outturn position of the council’s capital programme for 2022/23, including any under/over spends and adjustments, along with requests to re-profile budgets to and from current and future years.

An increase of £6.592m was reported on the programme approved in February 2022, resulting in a revised programme for 2022/23 of £792.750m.  Variances against each portfolio area were set out in Table 1 at paragraph 8 of the report and detailed in paragraphs 9-27. The revised 5-year programme was summarised in Table 2 at paragraph 28.  The report highlighted the need to be aware of potential delays and cost increases to projects due to the combined impact of Covid, Brexit, global demand and the war in Ukraine. Officers would continue to monitor the situation.

In supporting the recommendations, the Chair noted the progress made on a number of important schemes and highlighted the successful bid for £3m from the Department of Education, the energy efficiency works on 44 council homes, and the funding awarded to support the delivery of Haxby Station.

Resolved:  (i)      That the 2022/23 revised budget of £192.750m, as set out in Table 1 at paragraph 8 of the report, be noted.

                   (ii)      That the restated capital programme for 2022/23 – 2026/27 as set out in Table 2 at paragraph 28, be noted.

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