Issue - meetings

To consider the report of the Director Finance.

Agreed:

RECOMMENDED that Council notes and approves (where applicable) the:-

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

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

Reason for Decision: As set out in the report.

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

The Director Finance made particular reference to the following:-

·         the revised capital programme for the current financial year was £71.190 million and that during the first nine months the Council had spent nearly £23 million on the programme;

·         an additional budget request of £250,000 following the receipt of tenders for Fire Risk Assessment Works; and

·         an additional budget request of £661,500 to upgrade the Council’s Building Management System in order to manage consumption and emissions across key assets to assist the Council in delivering its Net Zero ambition. The project would be entirely funded as a result of a successful bid to the Public Sector Decarbonisation Fund. Fifteen properties would be covered initially with scope to expand the programme, with significant savings to the Council.

RECOMMENDED that Council notes and approves (where applicable):-

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

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