Decision details

To consider the Capital monitoring position at the end of Quarter 2

That:

1)        it be noted that the Council’s Capital Programme has been reviewed and will continue to be 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 the Capital Programme following the ‘in-year’ review including the impact of Covid 19, as set out in paragraph 3 and Appendix B, be noted and approved. There is no financial / service impact from the reprofiling of budgets into 2021/2022;

3)        the position of the capital programme at the end of Quarter 2 (to 30^thSeptember 2020) as summarised in the report and set out in detail in Appendix A be noted;

4)        Appendix C, which highlights capital performance by key activities, be noted. This is part of the Council’s enhanced financial management focusing on the key capital projects, monitoring performance against budget and impact on funding levels (including borrowing);

5)        it be agreed that £6m of ringfenced funded capital budget, originally programmed for 2021/2022, is brought forward into the current year (2020/2021), for the acceleration of the delivery of the SCAPE – Road Infrastructure project;

6)        an addition to the 2020/21 capital programme, the project for Church Lane, Shinfield – Flood Alleviation Scheme, to be funded from ring fenced Flood and Coastal Erosion Risk Management (FCERM) grant from the Environment Agency of £115k be noted and approved.