Decision Maker: Policy and Finance
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
The Director of Resources submitted a report providing Members with details of the previously approved capital programme schemes for 2023/24 to 2024/25, which have been adjusted for inflation.
The report also asked Members to consider the bids that have now been progressed to a proposed capital programme for 2023/24 to 2027/28, and to recommend a capital programme to Full Council on 7 March 2023.
Heads of Service have put forward their capital programme bids. Service committees have since considered the bids that were put forward and all were supported.
The proposed capital programme for 2023/24 includes a number of schemes that have been moved from the 2022/23 capital programme. These schemes are fully financed.
Members were advised that an extensive review of the schemes has been undertaken by both Budget Working Group and Corporate Management Team. The proposed capital programme should be both achievable and affordable.
Substantial resources have been used from the Council’s earmarked reserves at a time of conflicting pressure on earmarked reserves from both revenue and capital. There has also been the use of capital receipts.
With regards to a risk assessment, Members were informed that, in approving the report it may have the following implications:
· Resources – Approval of the capital programme will see further internal resources used of £3,857,460, this is in addition to previously approved resources of £6,268,950, making the total of schemes/resources of £10,126,410.
· Reputation – Sound financial planning for known capital commitments safeguards the reputation of the Council.
· Equality and Diversity – Equality and diversity issues are examined as part of the capital bid appraisal process.
RESOLVED THAT COMMITTEE:
***Recommend to Council the Capital Programme for 2023/24 to 202728 as set out in Annex 2 to the report. ***
Report author: Averil Crowther
Publication date: 27/02/2023
Date of decision: 14/02/2023
Decided at meeting: 14/02/2023 - Policy and Finance