Decision details

To approve the capital budget outturn 2019-2020 including quarter one capital monitoring 2020-2021.

That Council be recommended to:

1.    Approve the revised medium term General Revenue Account capital programme of £380.8 million, an increase of £2.0 million from the previously approved programme, and the change in associated resources.

2.    Approve the revised Housing Revenue Account (HRA) capital programme of £462.2 million, a reduction of £20,000 from the previously approved programme, and the change in associated resources.

That Cabinet:

1. Approve the virements for the General Revenue Account capital programme detailed at Appendix 5 to the report for;

     i. Existing projects totalling £12.0 million;

     ii. New projects totalling £1.6 million.

2.    Approve the virements for the HRA capital programme detailed at Appendix 5 to the report for:

i.    Existing projects totalling £12.9 million.

3.    Notes the General Revenue Account outturn position for 2019-2020 which stands at 87.6% of the approved capital budget.

4.    Notes the HRA outturn position for 2019-2020 which stands at 91.8% of the approved capital budget.

5.  Notes that the Covid-19 pandemic has had an impact on development projects internationally, nationally andregionally and also on projects within the City.