Agenda item

To consider a report seeking revisions to the 2021/22 General Fund and Housing Revenue Account Capital Programme, and approval of the final Capital Programme for 2022/23 for onward recommendation to Council.

The Executive considered a report seeking revisions to the 2021/22 General Fund and Housing Revenue Account Capital Programme, and approval of the final Capital Programme for 2022/23 for onward recommendation to Council.

In reply to a question from the Chair in respect of progress on the Locality Reviews, the Strategic Director (CF) stated that the Strategic Leadership Team was in the process of considering community assets, following which there would be consultation with Executive Portfolio Holders.

In response to a further question from the Chair regarding the use of Community Infrastructure Levy (CIL)/Section 106 monies, the Strategic Director (CF) confirmed that these were essentially limited to the provision of capital funding for specific projects, but officers would investigate the extent of which the ongoing maintenance and revenue costs associated with such projects could be paid for from CIL/Section 106.

A Member requested that consideration should be given in the future to the use of funding for a more regular upgrading and maintenance programme for the Borough’s Shopping Parades.

It was RESOLVED that the following proposals be recommended to Council:

1.          That the final General Fund Capital Growth Bids for 2022/23, as detailed in Appendix A (and incorporated into Appendix C) to the report, be approved.

2.          That the revisions to the 2021/22 General Fund budget, as incorporated into Appendix C to the report, be approved.

3.          That the final 2022/23 General Fund Capital Programme, as detailed in Appendix C to the report, together with the recommended resourcing, be approved.

4.          That the Chief Financial Officer brings a report forward during the 2022/23 financial year setting out the Council’s key capital regeneration and community asset ambitions and key land and asset disposals not currently in the capital strategy, to determine a funding strategy to meet these Corporate priorities.

5.          That the final Housing Revenue Account (HRA) budget requests for 2022/23, as detailed in Appendix B (and incorporated into Appendix D) to the report, and as approved at the 26 January 2022 Council meeting, be noted.

6.          That the final HRA Capital Programme, as detailed in Appendix D to the report, be approved.

7.          That the updated forecast of resources 2022/23, as detailed in Appendix C (General Fund) and Appendix D (HRA) to the report, be approved.

8.          That the Council’s investment strategy for non-treasury assets, as detailed in Appendix E to the report, be approved for consideration by the Executive.

9.          That the funding increase requested for the Bus Interchange scheme, as set out in Paragraph 4.1.2 of the report, be approved.

10.      That the Executive be given delegated authority to approved all of the on-hold schemes, so that they can go ahead depending on the outcome of the work identified in Paragraph 4.3.1 of the report.

11.      That the 2022/23 de-minimis expenditure limit, as set out in Section 4.11 of the report, be approved.

12.      That the 2022/23 contingency allowances for the General Fund and HRA, set out in Paragraphs 4.12.1 and 4.12.2 of the report respectively, be approved.

13.      That the Executive delegation set out in Paragraph 4.12.3 of the report, allowing the Executive to approve increases to the Capital Programme for grant funded projects, be approved.

Reason for Decision:  As contained in report.

Other Options considered:  As contained in report.