Agenda item

This report informs Members of the likely outturn position of the 2006/07 Capital Programme based on the spend profile and information to August 2005, as reported to Executive Member with Advisory Panel (EMAP) meetings for each Department.

Members considered a report which informed them of the likely out-turn position of the Council’s 2006/07 Capital Programme and sought approval for financial slippage amounting to £3.861m. 

RESOLVED: (i)         That the £80k of adjustments made under delegated authority to the 2006/07 approved capital programme, as set out in Table 1 at paragraph 5 of the report, be noted.

REASON:      in accordance with the Executive’s role in monitoring the Capital Programme.

                        (ii)        That the inclusion of £1.126m additional funding in the 2006/07 budget and £1.044m in the 2007/08 budget, as indicated in Table 11 at paragraph 33, be approved.

REASON:      In accordance with the changes reported to individual Executive Member and Advisory Panel (EMAP) meetings.

                        (iii)       That the use of surplus receipts to fund the projected overspends at the Replacement Depot (£150k) and Holgate Windmill (£80k) be approved, in accordance with Option 1 in paragraph 39.

REASON:      To fund the overspends without incurring an ongoing charge to the revenue account.

                        (iv)       That approval be given to re-profile £3.816m from 2006/07 to future years, as set out in Table 11.

REASON:      In accordance with the changes reported to individual Executive Member and Advisory Panel (EMAP) meetings.

                        (v)        That the re-stated capital programme, as summarised in Table 3 at paragraph 10 and detailed in Annex A, be approved.

REASON:      In accordance with the changes reported to individual Executive Member and Advisory Panel (EMAP) meetings.

                        (vi)       That the revisions to the capital receipts programme for 2006/07 to 2008/09, as summarised in Annex B, be noted.

Members considered a report which informed them of the likely out-turn position of the Council’s 2006/07 Capital Programme and sought approval for financial slippage amounting to £3.861m. 

Key issues highlighted the report included:

• Completion of phase 1 of Clifton Green Integrated Children’s Centre
• Additional grant funding of £1.476m over 2 years for Sure Start
• James St Link Road due for completion by November 2006
• Commencement of the £5.3m scheme to extend Huntington School
• Re-phasing of £1.1m work on the School Modernisation programme
• Re-phasing of £1.1m work on the Skills Centre at Danesgate
• Re-phasing of £2m on the York Pools scheme
• Purchase of Dundas St Ambulance station (£1.2m) as part of the new Town Hall Scheme
• Capital investment of £0.5m in IT equipment via prudential borrowing.

An out-turn of £53.408m was predicted against the current approved budget of £55.868m.  Capital spend to date amounted to £22.627m, or 42% of the approved budget, the same level as this time last year.  Changes to the programme resulting from the recent Council restructure and the new Constitution were summarised in paragraphs 6 and 7 of the report and Table 2, which re-stated the programme within the new portfolio structure.  Budget variations in each portfolio area were set out in Table 3 at paragraph 10.  The  revised 3-year programme was summarised in Table 11 (paragraph 33) and a breakdown of funding for the programme was provided in Table 12 (paragraph 39).  Two options were available to fund the overspend of £230k projected on the Replacement Depot and Holgate Windmill, namely the capital receipts surplus (Option 1) or prudential borrowing (Option 2).  Option 1 was recommended, as Option 2 would incur a revenue charge of £20k per annum for the life of the loan.

Members commented that report did not highlight progress and achievements sufficiently in some areas, such as Education.  Officers undertook to do this in future monitoring reports.

RESOLVED: (i)         That the £80k of adjustments made under delegated authority to the 2006/07 approved capital programme, as set out in Table 1 at paragraph 5 of the report, be noted.

REASON:      in accordance with the Executive’s role in monitoring the Capital Programme.

                        (ii)        That the inclusion of £1.126m additional funding in the 2006/07 budget and £1.044m in the 2007/08 budget, as indicated in Table 11 at paragraph 33, be approved.

REASON:      In accordance with the changes reported to individual Executive Member and Advisory Panel (EMAP) meetings.

                        (iii)       That the use of surplus receipts to fund the projected overspends at the Replacement Depot (£150k) and Holgate Windmill (£80k) be approved, in accordance with Option 1 in paragraph 39.

REASON:      To fund the overspends without incurring an ongoing charge to the revenue account.

                        (iv)       That approval be given to re-profile £3.816m from 2006/07 to future years, as set out in Table 11.

REASON:      In accordance with the changes reported to individual Executive Member and Advisory Panel (EMAP) meetings.

                        (v)        That the re-stated capital programme, as summarised in Table 3 at paragraph 10 and detailed in Annex A, be approved.

REASON:      In accordance with the changes reported to individual Executive Member and Advisory Panel (EMAP) meetings.

                        (vi)       That the revisions to the capital receipts programme for 2006/07 to 2008/09, as summarised in Annex B, be noted.