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.
Council is recommended to:
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;
projects totalling £3.0 million;
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:
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.