Decision details

Capital programme 2017-2018 to 2021-2022 quarter two review

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To approve matters relating to the 2017-18 capital budget as at the end of the second quarter

Decision:

That Council be recommended to:

1. Approve the revised medium term General Fund capital programme of £339.3 million, an increase of £9.2 million from the previously approved programme (paragraph 2.4 of the report), reflecting the latest projected expenditure for the medium term.

2. Approve the net additional General Fund resources of £9.2 million identified for;

a. forty new projects totalling £26.3 million (paragraph 4.1 of the report);

b. thirty-three existing projects net reduction totalling £17.1 million (paragraph 3.24 of the report)

 

1. That the General Fund virements totalling £20.5 million detailed at Appendix C to the report be approved for;

a. existing projects totalling £2.1 million (paragraph 3.25 of the report);

b. new projects totalling £18.4 million (paragraph 4.2 of the report).

2. That the Housing Revenue Account (HRA) virements totalling £14.6 million detailed at Appendix C to the report be approved for;

a. existing projects totalling £9.8 million (paragraph 3.25 of the report);

b. new project totalling £4.8 million (paragraph 4.2 of the report).

3. That the updated schedules of works be approved for the capital projects under the following directorate (paragraph 3.26 of the report);

a. Corporate: ICTS and in relation to Education; Building Schools for the Future

(BSF), Primary School Expansion Programme and Schools Capital

Maintenance (Appendix D1 to the report).

b. People: Sports Investment Strategy, Co-location Programme, Children in Need - Aiming High for Disabled Children and Early Education - Two Year Education Pilot (Appendix D2 to the report).

c. Place: Corporate Asset Management Programme, Urban Parks Refurbishment Programme, Disposals Programme, Accessing Growth Fund, Southside Programme, Maintenance of unclassified roads, Non - Highway Structures, Highway Improvement Programme, Safety Programme, Maintenance of classified roads, Lighting up the City and Local Growth Funding (LGF)

Feasibility (Appendix D3 to the report).

4. That authority be delegated to the Cabinet Member for City Assets and Housing in consultation with the Head of Corporate Landlord to approve the allocation of the Energy Efficiency measures provision for future programmes budget, to individual capital projects suitably meeting set criteria, in order that they may be progressed in a timely manner (paragraph 3.27 of the report).

5. That the joint integrated funding approach with the West Midlands Combined Authority be approved with regards the Wolverhampton Interchange Programme (paragraph 3.30 of the report).

 

1. That it be noted that the General Fund expenditure position at quarter two of 2017-2018 for existing projects stands at 83.9% of the profiled projected budget (paragraph 3.3 of the report).

2. That it be noted that the General Fund forecast outturn for existing projects for 2017-2018 stands at 86.1% of the approved capital budget (paragraph 3.1 of the report).

3. That it be noted that the HRA expenditure position at quarter two of 2017-2018 for existing projects stands at 97.6% of the profiled projected budget (paragraph 3.4 of the report).

4. That it be noted that the HRA forecast outturn position for existing projects for 2017-2018 stands at 73.0% of the approved capital budget (paragraph 3.1 of the report).

5. That it be noted that there are three new projects requiring internal resources for Primary School Expansion Programme included in this report but which are subject to a separate detailed project report ‘School Expansion Schemes’ on this agenda. The inclusion of these projects is for budget approval purposes and is on the assumption that the approval to progress with each project is given today. As their progression is dependent on that decision, if the projects are not approved, the capital programme will be reduced accordingly. The names of the projects are:

·       Loxdale Primary;

·       Spring Vale Primary;

·       Stowlawn Primary.

Report author: Sarah Hassell

Publication date: 30/11/2017

Date of decision: 29/11/2017

Decided at meeting: 29/11/2017 - Cabinet

Accompanying Documents: