Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
To approve the capital budget outturn
2020-2021 including quarter one capital monitoring
That Cabinet recommend that Council approves:
1. The revised, medium term General Revenue account capital programme of £340.2 million, an increase of £3.0 million from the previously approved programme, and the change in associated resources.
2. The revised, medium term Housing Revenue Account (HRA) capital programme of £450.3 million, a reduction of £222,000 from the previously approved programme, and the change in associated resources.
That Cabinet approves:
1. The virements for the General Revenue Account capital programme detailed at Appendix 4 to the report for:
i. existing projects totalling £8.1 million;
ii. new projects totalling £2.3 million.
2. The virements for the HRA capital programme detailed at Appendix 4 to the report for:
i. Existing projects totalling £3.9 million.
3. The expansion of the delegation endorsed by Cabinet on 18 July 2018 which delegated authority to the Cabinet Member for Education, in consultation with the Director of Finance, to approve the allocation of the provision of the Special Education Needs (SEN) Special Capital Fund Programme to individual capital projects in order that they may be progressed in a timely manner. The expanded delegation is to approve the payments of grants related to the SEN Special Provision Capital Fund programme where appropriate in order that projects can be progressed in a timely manner. In addition, approval is sought to enter into a grant agreement between the City of Wolverhampton Council and St Martins Multi Academy trust for the provision of a resource base as part of the Special Education Needs (SEN) Special Capital Fund Programme.
1. That the Covid-19 pandemic has had an impact on development projects internationally, nationally andregionally and also on projects within the City.
2. There is an intentional ‘over-programming’ of projects to reflect the reality that some projects would inevitably be delayed due to unexpected circumstances or changes to priorities. Over-programming aims to ensure that, as far as possible, the resources available are fully utilised.
3. There is one new project created through the virement within the Primary School Expansion Programme included in the report, but which is subject to a separate detailed project report also on the agenda. The inclusion of this project is for budget approval purpose and is on the assumption that the approval to progress with the project is given. As the progression is dependent on that decision, if the project is not approved, the capital programme will be adjusted accordingly. The name of the project is:
· Bilston Church of England Primary - caretaker house renovation.
Report author: Claire Nye
Publication date: 08/07/2021
Date of decision: 07/07/2021
Decided at meeting: 07/07/2021 - Cabinet