Decision details

The Executive considered a report in respect of Second Quarter General Fund Capital Monitoring 2020/21.

It was RESOLVED:

1.          That Council be recommended to approve the budget increase to the 2020/21 General Fund Capital Programme arising from the additional funding of £7.4Million received from the Hertfordshire Local Enterprise Partnership (LEP) and the Ministry of Housing, Communities & Local Government (MHCLG), as identified in Paragraph 4.1.4 of the report, as these exceed the Executive’s delegated limit, with the net increase in 2020/21 expenditure being £6.4Million, as summarised in Table One, Paragraph 4.1.1 of the report.

2.          That the General Fund net increase (arising from slippage) of capital expenditure of £1.0Million in 2021/22, also as summarised in Table One, Paragraph 4.1.1 of the report, be approved.

Reason for Decision:  As contained in report.

Other Options considered:  As contained in report.