Decision details

In response to a question, the Assistant Director (Finance & Estates) confirmed that the recommended figure of £591,000 for a budget for Registered Provider grants related to one specific scheme.  The Executive supported the Leader’s revision to this recommendation to increase this figure to £1.5million, in order to provide greater flexibility.

The Interim Chief Executive agreed to update Members on the land assembly issues relating to the slippage on regeneration schemes during 2018/19.

The Interim Strategic Director advised that the contract for the provision of Sprinkler systems had experienced difficulties was being re-procured.  He undertook to provide Members with an indicative timeframe for the contract.

In relation to Paragraph 4.3.7 of the report – Boiler Update, Members reported that the boilers at the Oval Community Centre and St. Nicholas Community Centre were still experiencing problems.  Officer undertook to check on the current status of all the boilers listed in the report and advise Executive Members and relevant Ward Members of the expected timescales for rectification of any outstanding problems.

In respect of Paragraph 4.4.4 of the report – New build and acquisitions programme, officers were requested to ensure that the branding signage for the Ditchmore Lane development clearly stated that the site was being developed by Stevenage Borough Council.

It was RESOLVED:

1.      That the 2018/19 General Fund capital expenditure outturn of £8,057,387 be noted (subject to the completion of the 2018/19 external audit of accounts).

2.      That the 2018/19 HRA capital expenditure outturn of £22,365,948 be noted (subject to the completion of the 2018/19 external audit of accounts).

3.      That the funding applied to the 2018/19 General Fund capital programme be approved, as summarised in Paragraph 4.2.4. of the report.

4.      That the funding applied to the 2018/19 HRA capital programme be approved as summarised in Paragraph 4.5.1. of the report.

5.      That the 2019/20 General Fund capital programme net changes of £934,040 reduction be approved comprising of £3,252,450 slippage from 2018/19 (as detailed in Paragraph 4.3.8 of the report), £4,905,630 re-profiled into 2020/21, £60,610 minor budget changes reduction and £779,750 funding for additional expenditure (as detailed in Appendix A to the report).

6.      That the 2019/20 HRA capital programme net changes of £15,084,628 comprising £736,700 slippage from 2018/19 and £15,821,328 re-profiled into 2020/21 be approved, as summarised in Paragraph 4.6.1 and detailed in Appendix B to this report.

7.      That the urgent schemes requiring funding detailed in Paragraph 4.3.3 of the report be approved.

8.      That Executive recommend to Council the approval of a budget of £1.5million for Registered Provider grants, in line with the reasoning in Paragraph 4.3.4. of the report.