Issue - meetings

That:

1)        the Quarter 4 adjustments to the capital programme be noted being the release of budgets in 2020/21, into the 2019/20 capital programme, to cover projects expenditure acceleration ahead of the original profile for:-

£198k Winnersh Triangle Parkway

£180k Dinton Activity Centre

2)        it be noted that the funding of the Foundry (Pupil Referral Unit) will be utilising S106 and CIL contributions up to the value of £892k originally allocated to general Special Education Needs (SEN) projects;

3)        the 2019/2020 Capital Outturn, as set out in Appendix A to the report be noted;

4)        the re-profiling of budgets into future financial years, as set out in Appendix B to the report, be approved.

The Executive considered a report setting out the outturn for the 2019/20 Capital budget.

The Executive Member for Finance and Housing informed Members that 74% of the Capital budget had been spent during the 2019/20 financial year which was a slight increase on last year’s position.  It was acknowledged that for a number of reasons, eg delays and reliance on third parties etc, it was difficult to spend 100% of the budget and deliver the Capital programme on time.   

Councillor Kaiser reported that during 2019/20 the Council had delivered more capital investment than in any other year and had spent £171.3m; which was an increase of £39m on that spent during the previous financial year.   This represented an increase of 30% year on year.   Forecasts for the 2020/21 financial year had predicted a significant increase on that figure but that would, of course, be dependent on the emerging impact of Covid-19.

RESOLVED that:

1)        the Quarter 4 adjustments to the capital programme be noted being the release of budgets in 2020/21, into the 2019/20 capital programme, to cover projects expenditure acceleration ahead of the original profile for:-

£198k Winnersh Triangle Parkway

£180k Dinton Activity Centre

2)        it be noted that the funding of the Foundry (Pupil Referral Unit) will be utilising S106 and CIL contributions up to the value of £892k originally allocated to general Special Education Needs (SEN) projects;

3)        the 2019/2020 Capital Outturn, as set out in Appendix A to the report, be noted;

4)        the re-profiling of budgets into future financial years, as set out in Appendix B to the report, be approved.