Issue - meetings

The Chief Finance Officerto present a report which sets out the projected out-turn position on the capital programme for 2022/23 and asks Executive to recommend to Council the adjustments detailed in the report and in Annex A.

Resolved:  (i)      That the 2022/23 revised budget of £127.393m, as set out in Table 1 at paragraph 6 of the report, be noted.

                   (ii)      That the restated capital programme for 2022/23 – 2026/27, as set out in Table 2 at paragraph 47, 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 out-turn position on the capital programme for 2022/23 and asked Executive to recommend to Council the adjustments detailed in the report and in Annex A.

A decrease of £27.164m was reported on the approved capital budget, resulting in a revised programme of £127.393m.  This represented an increase of £5.305m, and a re-profiling of budgets to future years totalling £32.469m, due mainly to several schemes being delayed until 2023/24.  Variances in each portfolio area were outlined in Table 1 at paragraph 6 of the report, and detailed in paragraphs 7- 46.  The effect of the revisions was shown in Table 2, at paragraph 47.

Officers confirmed that there were no major issues to report and that there continued to be a significant level of investment in the programme.

Resolved:  (i)      That the 2022/23 revised budget of £127.393m, as set out in Table 1 at paragraph 6 of the report, be noted.

                   (ii)      That the restated capital programme for 2022/23 – 2026/27, as set out in Table 2 at paragraph 47, be noted.

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