Decision details

The Director of Resources submitted a report asking committee to approve the 2021/22 revised estimate for this committee’s capital programme.

One capital scheme totalling £66,750 had been approved by Special Policy and Finance committee and full Council in February and March 2021 respectively. The scheme had been moved from the 2020/21 capital programme to the 2021/22 capital programme.

During the year there had been budget changes resulting in a capital programme of two schemes totalling £101,750. These had now been revised to reflect their progress and estimated full year expenditure for 2021/22 which resulted in a proposed revised estimate of £50,000, a reduction of £51,750 from the total approved budget. The reasons were highlighted for committee’s information.

Progress was reported on the two schemes. Lancashire County Council has informed us that the gateway signs would be installed over the next 4 – 6 weeks.

RESOLVED THAT COMMITTEE:

1.    Approve the 2021/22 revised estimate of £50,000 for this committee’s capital programme as set out, and

2.    Approve the transfer of £51,750 of the Economic Development Initiatives capital budget from 2021/22 to 2022/23.