Issue - meetings

As detailed in the recommendations.

The Corporate Finance Manager introduced the Capital Programme Monitoring 2015/16 (Month 9) report, explaining that the Capital Programme had decreased by £3.320m in the period due to the impact of the following:

·         Reduction in year to the 21^st Century Schools Programme (£5.724m) and Wales Housing Quality Standard (WHQS) Improvements (£0.152m);

·         Pre-approved Rollover into 2016/17 (£0.435m); and

·         Other Aggregate Decreases (£0.052m).

Offset by:

·         Additional Welsh Government (WG) Vibrant and Viable Places (VVP) grant (£1.367m); Introduction of European Regional Development Fund (ERDF) funding for Town Centre Regeneration (£0.561m);

·         Additional Funding for Waste Services (£0.358m);

·         Additional grant/contributions for Private Sector Renewal (£0.279m);

·         Introduction of funding for play areas (£0.220m); and

·         Other Aggregate Increases (£0.256m).

Resources available for funding future capital expenditure was c£2.986m.

As at Month 9, Early Identified Rollover (EIR) had been identified which reflected reviewed spending plans across all programme areas; those committed amounts had been identified as required to meet the cost of programme works in 2016/17.

Two pressure areas totalling £0.088m had been identified within the Streetscene and Transportation portfolio which were:

1.    Overspend on remediation works at Standard Landfill site due to the presence of asbestos (£0.035m); and

2.    Higher than expected contract price for the Queensferry roundabout improvement works (£0.053m)

RESOLVED:

(a)       That the report be approved;

(b)       That the rollover adjustments be approved; and

(c)        That the request for additional resources be approved.