Issue - meetings

General Fund Capital Monitoring

Meeting: 04/04/2022 - Executive (Item 49)

49 2021/22 General Fund Capital Monitoring Statement - Quarter 3 pdf icon PDF 378 KB

To consider the report of the Director Finance.

 

Additional documents:

Decision:

Agreed:

 

RECOMMENDED that Council approves:-

 

(1)  the revision of the annual Capital Programme to reflect the reported variations detailed in 8.1 and in Appendix 1 of the report; and

(2)  the additional budget detailed in 8.6 of the report.

 

Reason for Decision: As set out in the report.

 

 

Minutes:

The Executive received the report on the current position of the Council’s revised annual capital programme, and advised Members of the anticipated level of deferred expenditure into future years. The report also sought Member approval to amend the annual capital programme in order to reflect the reported variations.

 

Particular reference was made to the budget which currently stood at £100 million, with only £12.9 million spent, and was recognised as the lowest percentage spend in any one year. The same challenges from the delay of goods and services deliveries had impacted on the Capital Monitoring programme and there would be a significant carry forward expected for the Capital Programme due to the issues faced from the construction market in delivering tenders.

 

In response to a question raised by a Member, the Director Finance explained that there were two projects for CCTV improvements. Funding had been received from the safer streets funding which was used for CCTV improvements. Members had also approved a separate capital project to deliver CCTV improvements, funded by the Council, which had been carried forward in the Capital Programme for a number of years.

 

RECOMMENDED that Council approves:-

 

(1)   the revision of the annual Capital Programme to reflect the reported variations detailed in 8.1 and in Appendix 1 of the report; and

(2)   the additional budget detailed in 8.6 of the report.