Decision details

The Director of Resources submitted a report asking Members to consider and approve the Council’s overall revised capital programme for 2022/23.

The proposed revised capital programme for 2022/23 is £2,385,610 for 32 schemes, which is a reduction of £4,066,340 from the previously approved capital programme budget and a reduction of 7 schemes. As a result, there is a reduction of £4,066,340 in the level of financing resources needed to fund the 2022/23 proposed revised capital programme. It is proposed to move £3,002,670 of financing resources into 2023/24 to fund the capital schemes budgets that are proposed to be moved into that year.

Earmarked reserves are used to fund £638,258 of the 2022/23 proposed revised capital programme, with the balance of funding coming from usable capital receipts of £328,542, grants and contributions of £1,412,810 and borrowing of £6,000.

At the end of December 2022, £1,120,768 had been spent or committed on capital programme budget.

RESOLVED THAT COMMITTEE:

Approve the overall revised capital programme for 2022/23.