Issue - meetings

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.

Cabinet resolved:

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.

Councillor Louise Miles presented the Capital Programme 2019-2020 to 2023-2024 Quarter Two Review for recommendation to Full Council. The report provided an update on the 2019-2020 financial performance of the General Revenue Account and HRA capital programmes and the revised forecast for 2019-2020 to 2023-2024 as at quarter two 2019-2020. The report also set out revisions to the current approved capital programmes covering the period 2019-2020 to 2023-2024. The Cabinet noted the significant investment in Education and Highways departments.

Resolved:

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.

Cabinet resolved:

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.