Decision Maker: Executive
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
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.
Publication date: 18/11/2020
Date of decision: 18/11/2020
Decided at meeting: 18/11/2020 - Executive