Issue - meetings

As detailed in the recommendations.

Councillor Banks introduced the Capital Programme Monitoring 2019/20 (Month 9) report which summarised changes made to the Capital Programme since it was set in February 2019, to the end of Month 9 (December 2019), along with expenditure to date and projected outturn.

            The Capital Programme saw a net decrease of £19.009M during the period which comprised of:

·         Net decreases of £13.544M (Council Fund £8.141M, Housing Revenue Account £5.403M);

·         Carry Forward to 2020/21, approved at Month 6 of £5.115M; and

·         Identified saving at Month 6 of £0.350M.

Actual expenditure was £43.367M.

The Corporate Finance Manager explained that the reported Month 6 funding position for the three year period ending in 2021/22 was a shortfall of £0.723M.  In year receipts received had increased by £0.030M from Month 6 to give a revised projected shortfall in the Capital Programme at Month 9 of £0.693M for the 2019/20 -2021/22 Capital Programme, prior to the realisation of additional capital receipts and/or other funding sources.

RESOLVED:

(a)       That the overall report be approved;

(b)       That the carry forward adjustments outlined in the report be approved;

(c)        That the funding of schemes from the current ‘headroom’ as outlined in the report, and the use of savings identified in the report, be approved; and

(d)       That the use of the Economic Stimulus funding be approved.