Agenda item

This report provides an update on the capital programme and Capital Programme Strategy for 2020/21 to 2024/25 for Council approval.

Report of the Executive Director of Corporate Services (Section 151 Officer)

 

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.

Minutes:

The Cabinet Member for Finance and Service Improvement introduced the report which provided an update on the capital programme and Capital Programme Strategy for 2020/21 to 2024/25.  She stated that the capital programme was key to support and enable communities to develop the infrastructure they need to thrive and it was positive to see schemes in the capital programme to be delivered in the future, with a proposal of an additional £20 million to be added to the programme.  She highlighted the varied schemes within the programme such as CCTV to deter fly tipping, upgrading play areas and move-on accommodation for rough sleepers.  She also added that the capital programme was fully funded up to 2024/25. The past year had been challenging and therefore funding for some schemes required rephasing.  She highlighted the importance of the strategy as a vital part of how capital investment was financed, managed, allocated and how spending was prioritised.

 

Councillor McCormick addressed Cabinet and asked the following:

 

·         Was there money for the ice rink if money was needed to be put aside and where would it come from?  He was happy to accept a written answer.

·         Clarification regarding the two amounts of £1 million for parking and climate emergency as budget amendment roll forwards as they couldn’t be implemented due to the pandemic and could similar increased investment be expected going forward particularly for climate change?

·         Was there any provision for local energy initiatives?

 

Cabinet members responded to the questions and agreed to provide a written answer in relation to funding for the ice rink.  It was highlighted that funding for climate change cut across all portfolios and it was something the council wanted to be ambitious about to achieve targets.  It was also confirmed that the funding for parking was being rolled forward and additional funding had been added for the future year.

 

Resolved: To note

 

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

 

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

 

5)            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.

 

Recommendation to Council: 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 resource.

 

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

Supporting documents: