Issue - meetings

To consider a report that provides an update on the on the Council’s 2018/19 and 2019/20 Capital Programme, and seeks approval for the revisions to the General Fund and Housing Revenue Account Capital Programme.

The Executive considered a report that provided an update on the Council’s 2018/19 and 2019/20 Capital Programme, and sought approval for revisions to the General Fund and Housing Revenue Account Capital Programme.

In response to a query raised by the Leader, the Assistant Director (Finance & Estates) undertook to provide Executive Members with clarification regarding the Boiler upgrade/replacement schemes for St. Nicholas Community Centre and Springfield House.

It was RESOLVED:

1.         That the 2018/19 General Fund capital programme net decrease in expenditure of £798,260 is approved, as summarised in Paragraph 4.1.1 of the report.

2.         That the virement from the deferred works Budget of £49,000 and for the Multi-Storey Car Park of £12,140, as summarised in Paragraphs 4.1.5 and 4.1.6 of the report, is approved.

3.         That the General Fund re-profiling of capital expenditure to 2019/20 of £1,627,500, as summarised in Table One of the report, is approved.

4.         That it be noted that there is no increase in the capital expenditure for the 2019/20 Housing Revenue Account, as summarised in Table Two of the report.

Reason for Decision: As contained in the report.

Other Options considered: As contained in the report.

The Executive considered a report that provided an update on the Council’s 2018/19 and 2019/20 Capital Programme, and sought approval for revisions to the General Fund and Housing Revenue Account Capital Programme.

The Portfolio Holder for Resources stated that the 2018/19 General Fund Capital Programme was projected to be £798,000 lower than the working budget or 2.5)% of the budgeted amount, all of which related to the re-profiling of scheme delivery between 2018/19 and 2019/20.  The HRA Capital Programme was projected to be unchanged from the working budget of £26.1Million.

In response to a query raised by the Leader, the Assistant Director (Finance & Estates) undertook to provide Executive Members with clarification regarding the Boiler upgrade/replacement schemes for St. Nicholas Community Centre and Springfield House.

It was RESOLVED:

1.         That the 2018/19 General Fund capital programme net decrease in expenditure of £798,260 is approved, as summarised in Paragraph 4.1.1 of the report.

2.         That the virement from the deferred works Budget of £49,000 and for the Multi-Storey Car Park of £12,140, as summarised in Paragraphs 4.1.5 and 4.1.6 of the report, is approved.

3.         That the General Fund re-profiling of capital expenditure to 2019/20 of £1,627,500, as summarised in Table One of the report, is approved.

4.         That it be noted that there is no increase in the capital expenditure for the 2019/20 Housing Revenue Account, as summarised in Table Two of the report.

Reason for Decision: As contained in the report.

Other Options considered: As contained in the report.