Issue - meetings

As detailed in the recommendations.

Councillor Johnson introduced the report which summarised the changes made to the Capital Programme 2022/23 since it was set in December 2021 to the end of Month 6 (September 2022) along with expenditure to date and projected outturn.

The Capital Programme had seen a net decrease in budget of £0.154m during the period which comprised of:

·         Net budget increase in the programme of £1.639m (Table 2 – Council Fund (CF) (£2.647m), Housing Revenue Account (HRA) £4.286m;

·         Carry Forward to 2023/24 approved at Month 4 of (£1.543m) (all CF);

·         Identified savings at Month 6 of (£0.250m) (CF)

Actual expenditure was £22.471m.

No capital receipts had been received in the second quarter of 2022/23.  Savings identified totalled £0.250m.  That gave a revised projected surplus in the Capital Programme at Month 6 of £3.376m (from a Month 4 funding position surplus of £3.126m) for the 2022/23 – 2024/25 Capital Programme, prior to the realisation of additional capital receipts and/or other funding sources.

RESOLVED:

(a)       That the report be approved;

(b)       That the carry forward adjustments be approved; and

(c)        That the additional allocations be approved.