Decision Maker: Cabinet
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
To approve the Capital Programme 2019-2020 to 2023-2024 Quarter Two Review.
Council is recommended to:
1. Approve the revised medium term General Revenue Account capital programme of £326.9 million, an increase of £44.8 million from the previously approved programme and the change in associated resources.
1. That the virements for the General Revenue Account capital programme be approved as detailed at Appendix 4 to the report for;
i. Existing projects totalling £3.0 million;
ii. New projects totalling £1.1 million.
2. That the virements for the HRA capital programme be approved as detailed at Appendix 4 to the report for:
i. Existing projects totalling £13.5 million.
3. That it be noted that the Corporate Contingency has been revised upwards by £33.9 million over the medium term capital programme to reflect potential future budget requirements within various service areas including ICT, Corporate Asset Management, Fleet Services, Waste and Affordable Warmth. Budget provision has been incorporated into the Corporate Contingency in order to be prudent at this stage. Programme business cases are in the process of being developed and assessed. Once this process is complete, approval will be sought in the Capital Programme 2019-2020 to 2023-2024 Quarter Three Review and 2020-2021 to 2024-2025 Budget Strategy report to allocate budget provision from the Corporate Contingency to individual projects.
Report author: Karen Eaton
Publication date: 14/11/2019
Date of decision: 13/11/2019
Decided at meeting: 13/11/2019 - Cabinet
Effective from: 21/11/2019