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 9 (December 2022), along with expenditure to date and projected outturn.

The Capital Programme had seen a net decrease in budget of (£20.414m) during the period which comprised of:

·         Net budget decrease in the programme of (£13.750m) – Council Fund (CF) (£13.283m), Housing Revenue Account (HRA) (£0.467m)

·         Carry Forward to 2023/24 approved at month 6 of (£4.562m) and additional Free School Meals grant (£1.767m) (all CF)

·         Identified savings at Month 9 of (£0.335m) (CF)

Actual expenditure was £35.294m.

Capital receipts received in the third quarter of 2022/23, along with savings identified totalled £0.882m.   That gave a revised projected surplus in the Capital Programme at month 9 of £4.258m (from a month 6 funding position surplus of £3.376) for the 2022/23 Capital Programme, prior to the realisation of additional capital receipts and/or other funding sources.

Investment in county towns – cost of materials having an impact.

RESOLVED:

(a)       That the overall report be approved;

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

(c)        That the additional allocations be approved.