Issue - meetings

That:

1)               the proposed rephasing to the Capital Programme following the ‘in-year’ review, 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 2022/2023;

2)               the position of the Capital Programme at the end of Quarter 2 (to 30 September 2021), as summarised in the report below and set out in detail in Appendix A, be noted;

3)               the successful application for external funding of £98k, for allocation to new capital schemes to put in place a heat decarbonisation plan for four Leisure Centres, Bulmershe Secondary School and Waterford House (as set out in paragraph 7 of the report) be noted.

The Executive considered a report setting out the progress made by the Council in delivering its capital programme in the current financial year and the position as at the end of the second quarter.

The Executive Member for Finance and Housing went through the report and reminded the meeting that the capital budget was used to deliver a large number of projects including roads, schools etc.   Councillor Kaiser went on to explain the underspend of £8.1m, which had been achieved through budget savings that had been identified in a number of areas, as set out in the report. 

Councillor Kaiser drew Members’ attention to the fact that the Public Loans Board was currently consulting on changes to their methodology for lending money and this may result in implications for the Council.

RESOLVED that:

1)               the proposed rephasing to the Capital Programme following the ‘in-year’ review, 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 2022/2023;

2)               the position of the Capital Programme at the end of Quarter 2 (to 30 September 2021), as summarised in the report below and set out in detail in Appendix A, be noted;

3)               the successful application for external funding of £98k, for allocation to new capital schemes to put in place a heat decarbonisation plan for four Leisure Centres, Bulmershe Secondary School and Waterford House (as set out in paragraph 7 of the report) be noted.