Issue - meetings
Capital Programme Monitoring 2022/23 (Month 4)
Meeting: 26/09/2022 - Cabinet (Item 44)
44 Capital Programme Monitoring 2022/23 (Month 4) PDF 326 KB
Additional documents:
- Enc. 1 for Capital Programme Monitoring 2022/23 (Month 4), item 44 PDF 89 KB
- Enc. 2 for Capital Programme Monitoring 2022/23 (Month 4), item 44 PDF 82 KB
- Enc. 3 for Capital Programme Monitoring 2022/23 (Month 4), item 44 PDF 169 KB
- Webcast for Capital Programme Monitoring 2022/23 (Month 4)
Decision:
As detailed in the recommendations.
Minutes:
Councillor Johnson introduced the report which summarised changes made to the Capital Programme 2022/23 since it was set in December 2021 to the end of Month 4 (July 2022), along with expenditure to date and projected outturn.
The Capital Programme had seen a net increase in budget of £29.590m during the period which comprised of:
· Net budget increase in the programme of £15.864m (Council Fund (CF) £17.621m, Housing Revenue Account (HRA) (£1.757m));
· Introduction of Carry Forward from 2021/22 of £13.726 (CF £13.726m, HRA £0.000m)
Actual expenditure was £14.290m.
Capital receipts received in the first quarter of 2022/23, totalled £1.058m. That gave a revised projected surplus in the Capital Programme at Month 4 of £3.126m (from an opening funding position surplus of £2.068m) 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.