Issue - meetings

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

[See also Item 18]

Resolved:  (i)      That the 2022/23 revised budget of £154.557m, as set out in Table 1 at paragraph 19 of the report, be noted.

                   (ii)      That the restated capital programme for 2022/23 – 2026/27, as set out in Table 2 at paragraph 72, be noted.

                   (iii)     That the proposed mechanism for dealing with inflationary increases in the programme, as set out in paragraphs 3 – 15, be noted.

                   (iv)    That the schemes fully funded by UK Shared Prosperity Fund and Ruarla Prosperity Fund of £1.3m be introduced into the capital programme, subject to funding allocation being confirmed.

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 for of the council’s capital programme for 2022/23, including any under/over spends and adjustments, along with requests to re-profile budgets to/from current and future years.

A decrease of £38.193m on the current approved programme was reported, resulting in a revised programme for 2022/23 of £154.557m.  There was an increase of £6.094m and a re-profiling of budgets to future years of £44.287m in total.  Variances against each portfolio area were set out in Table 1 at paragraph 19 of the report and detailed in paragraphs 20-71.  The revised 5-year programme resulting from these changes was summarised in Table 2 at paragraph 72 and detailed in Annex A.

The Executive Member for Finance & Major Projects highlighted the continued progress made in respect of schools, the housing programme and libraries.  The Chair noted that all councils faced a difficult year ahead in terms of their budgets and that York continued to make the case to government for long-term solutions.

Resolved:  (i)      That the 2022/23 revised budget of £154.557m, as set out in Table 1 at paragraph 19 of the report, be noted.

                   (ii)      That the restated capital programme for 2022/23 – 2026/27, as set out in Table 2 at paragraph 72, be noted.

                   (iii)     That the proposed mechanism for dealing with inflationary increases in the programme, as set out in paragraphs 3 – 15, be noted.

                   (iv)    That the schemes fully funded by UK Shared Prosperity Fund and Ruarla Prosperity Fund of £1.3m be introduced into the capital programme, subject to funding allocation being confirmed.

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