Decision details

Capital Monitoring 2020/21 - end of June 2020

Decision Maker: Executive

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes


To consider the Capital Monitoring position at the end of Quarter 1




1)        it be noted that the Council’s Capital Programme will continue to be reviewed throughout the year in the context of the impact of Covid-19 on funding sources and service requirements, and that any changes will be presented to Executive for approval;


2)        the proposed rephasing to parts of the Capital Programme following the ‘in-year’ review including the impact of Covid-19, as set out in Appendix B, be approved;


3)        £600k additional budget funded by borrowing for the Dinton Pastures Activity Centre (DAC), for changes necessitated as an outcome of public consultations and planning requirements be approved. The cost of borrowing estimated at £27k p.a.will be covered from expected additional incomes generated by the new activity centre, as set out in paragraph 6 of the Executive Summary of the report;


4)        a reduction of the Schools Devolved Formula grant budget in the capital programme to £302k, due to the Council receiving £87k less than originally budgeted, as set out in paragraph 7 of the Executive Summary, be noted;


5)        borrowing of £288k for the purchase of hessian sacks which will have the effect of increasing recycling levels and generating a beneficial financial impact far in excess of the cost of borrowing, as set out in paragraph 8 of the Executive Summary, be approved;


6)        it be noted that consultants will be engaged within existing budgets to review the noise levels and options with regards to recent major resurfacing works, as set out in paragraph 9 of the Executive Summary;


7)        the quarter one position for the capital budgets, as set out in Appendix A to the report as summarised in the Executive Summary, be noted.

Wards Affected: None Specific;

Declarations: None

Dispensations: None

Reference Number: WBC1141

Contact: James Sandford Email: Tel: 0118 974 6577.

Report author: James Sandford

Publication date: 30/07/2020

Date of decision: 30/07/2020

Decided at meeting: 30/07/2020 - Executive

Effective from: 08/08/2020

Current call-in Count: 0

Accompanying Documents: