Issue - meetings

Capital Programme 2017-18 to 2021-22 Quarter Two Review

Meeting: 29/11/2017 - Cabinet (Item 6)

6 Capital programme 2017-2018 to 2021-2022 quarter two review pdf icon PDF 155 KB

Additional documents:

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.  ...  view the full decision text for item 6

Minutes:

Councillor Andrew Johnson sought Cabinet endorsement to recommend that Council approve the Capital Programme 2017-2018 to 2021-2022

Quarter Two Review. The report provided an update on the 2017-2018 financial performance of the General Fund and Housing Revenue Account capital programmes and the revised forecast for 2017-2018 to 2021-2022 as at quarter two of 2017-2018. The revised layout of the review report would provide greater transparency of the Council’s financial performance.

 

Resolved:

 

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).

6. 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).

7. 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).

8. That it be noted that the General Fund forecast outturn for existing projects for 2017-2018 stands at 86.1%  ...  view the full minutes text for item 6