Decision details

Decision Maker: Cabinet, Council

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To consider the Capital Programme Update & Strategy 2020/21 to 2024/25

Decision:

1)    Note the addition of £20.934M to the capital programme requiring approval to spend and the removal of capital scheme savings of £0.406M, which gives rise to a net increase of £20.528M to the overall capital programme as detailed in sections 4 to 5 and Appendix 2 of the report.

 

2)    Note the revised capital programme which totals £89.638M as detailed in sections 2 to 8 and Appendix 1 of the report and the associated use of resources.

 

3)    Note the rephasing and slippage as set out in section 6 and as detailed in Appendix 3 of the report.

 

4)    Note the capital programme remains fully funded up to 2024/25 based on the latest forecast of available resources.

 

5)    Note that a review of the Capital Programme Strategy has been undertaken as detailed in section 9 and the updated Capital Programme Strategy is attached as Appendix 4 of the report.

 

Recommend that Council:

 

6)    Agree the addition of £20.934M to the capital programme and the removal of scheme savings of £0.406M, which gives rise to a net increase of £20.528M to the overall capital programme as detailed in sections 4 to 5 and Appendix 2 of the report.

 

7)    Approve the revised capital programme, which totals £89.638M (as detailed in paragraphs 2 to 8 and Appendix 1 of the report) and the associated use of resources.

 

8)    Approve expenditure being incurred on capital schemes in accordance with the revised capital programme and Financial Procedures.

 

9)    Approve the slippage and rephasing as set out in section 6 and as detailed in Appendix 3 of the report.

 

10)Note that the capital programme remains fully funded up to 2024/25 based on the latest forecast of available resources.

 

11)Approve the Capital Programme Strategy detailed in Appendix 4 of the report.

Report author: Sarah Finch

Publication date: 10/02/2021

Date of decision: 09/02/2021

Decided at meeting: 09/02/2021 - Cabinet

Accompanying Documents: