Issue - meetings

As the report has an exempt element and appendices, any discussion on those would need to take place in exempt session at the end of the meeting.

RESOLVED:              1)         That the outturn of the capital programme for 2022/2023 of £25,347,122 including Exempt Schemes be noted;

2)            That the financing arrangements for the 2022/2023 capital programme be noted;

3)            That the rephasing (as set out in Section 2.6 and Appendix 1a of the report) into the 2022/2027 capital programme and financing assumptions as detailed in the report noting that further review will be undertaking during monitoring in 2023/24 be approved.

4)            That the new items to the capital programme as set out in Section 5.4 of the report (Tables 10 to 13) to be progressed be approved.

Reason for Decision

To report the outturn 2022/2023 for the Capital Programme and update members on capital spending and resources for 2022/2027.

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Assistant Director – M Drewery presented a report which provided details of the outturn of the 2022/2023 capital programme and outlined amendments and rephasing to the spending on schemes, revising the programme for 2022/2027. 

The capital programme outturn for 2022/2023 totalled £25,347,122 (including Exempt and Capital Loans) against an approved revised budget of £30,689,370 (£33,416,370 including Exempt and Capital Loans).

It was noted that it had been necessary to rephase a total of £6,015,220 (£8,742,220 including Exempt)of scheme costs to future years.  Useable capital receipts generated in the year totalled £11,189,651 and the capital resources available to fund expenditure in 2022/2023 were detailed in section 3 of the report.

It was noted that the Corporate Performance Panel had considered the report and supported the recommendations.

Councillor Beales noted the rephasing of the ICT budget with a view that there may be a need to bring it forward.

Councillor Morley commented that there was still a lot of work to be carried out on the Capital Programme so the approval was indicative for the money approved for this year and subsequent rephasing that will take place.

RESOLVED:               1)         That the outturn of the capital programme for 2022/2023 of £25,347,122 including Exempt Schemes be noted;

2)               That the financing arrangements for the 2022/2023 capital programme be noted;

3)               That the rephasing (as set out in Section 2.6 and Appendix 1a of the report) into the 2022/2027 capital programme and financing assumptions as detailed in the report noting that further review will be undertaking during monitoring in 2023/24 be approved.

4)               That the new items to the capital programme as set out in Section 5.4 of the report (Tables 10 to 13) to be progressed be approved.

Reason for Decision

To report the outturn 2022/2023 for the Capital Programme and update members on capital spending and resources for 2022/2027.