Decision details

RESOLVED that the Executive:

i)               noted the position of the capital programme at the end of Quarter 2 (to 30 September 2022) as summarised in the report and set out in detail in Appendix A of the report.

ii)              approved and noted the proposed carry forwards in the capital programme as set out in Appendix B of the report.

iii)            noted that due to the current uncertainty surrounding higher interest rates, as part of our enhanced financial management process, a review is to be undertaken to determine what capital projects can be postponed this year, to minimise exposure to borrowing at high rates. Approval from the Executive will be sought for any proposed  postponement.