Decision details

(Minute 71)

The report of the Acting Assistant Director Finance was submitted, advising Members of the overall financial performance of the Council for the 2012/13 financial year, in respect of the annual capital programme. Approval was also sought for the 2013/14 revised capital programme, including commitments carried forward from 2012/13.

Members were advised that Capital expenditure in the year amounted to £15,859,107, a reduction of £2,287,763 on the planned figure of £18,146,870.

The actual expenditure during 2012/13 represented 87.4% of the total approved for the revised Capital Programme, which meant £2.4 million would need to be carried forward to be spent in future years.

The Acting Assistant Director Finance referred to further funding requests including a budget of £300,000 for the purchase of temporary accommodation and £120,000 to be added to the 2013/14 Capital programme to meet costs of essential repairs to four council dwellings.

Discussion took place regarding the kitchen and bathroom replacement programme and the need to ensure that the Council’s housing stock was maintained to a good standard. The replacement programme for kitchens was currently on a 25 year cycle although replacements were not undertaken if kitchens and bathrooms were in good working order.

Consultation with the Local Ward Members had been undertaken on the future of 22 St David’s Hill and this property would be now sold and the monies reinvested in other temporary accommodation projects.

Scrutiny Committee – Resources considered the report at its meeting on 19 June 2013 and the comments of the members were noted.

Executive recommended that Council notes and approves:-

(1)        overall financial position for the 2012/13 annual capital programme;

(2)        amendments to the Council’s annual capital programme for 2013/14;

and

(3)        further funding requests as set out in Section 7 of the report.