Issue - meetings

As detailed in the recommendations.

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.