Decision details

The Director of Resources and Deputy Chief Executive submitted a report seeking Committee’s approval of the revised estimate for this Committee’s capital programme for the current financial year.

Fourteen capital schemes for this Committee’s original estimate budget, totalling £1,095,750, were approved by the Policy and Finance Committee and Full Council in their meetings in February 2023 and March 2023 respectively. Furthermore, two new schemes had been approved for 2023/24, along with additional budget for an existing scheme, and one scheme had been brought forward from 2024/25 capital programme to the 2023/24 programme.

Six capital schemes had not been completed by 31 March 2023 and had some unspent budget available at that date.  The total unspent budget of £53,950 on those schemes, known as slippage, was moved into the 2023/24 capital programme budget, after approval by this Committee in May 2023.

The proposed revised estimate for this Committee’s 2023/24 capital programme was £960,410, which was a £510,800 reduction from the previously approved capital budget.

It was recommended that budgets totalling £440,170 on five schemes were moved to the 2024/25 financial year.

RESOLVED THAT COMMITTEE:

1.     Approved the 2023/24 revised estimate of £960,410 for this Committee’s capital programme, as set out in the Annex to the report.

2.     Approved the move of the following capital scheme budgets from 2023/24 to 2024/25:

·       Castle Keep Lime Repointing Works and Repairs, £301,770

·       Edisford Playing Pitches Drainage Works, £10,900.

·       LDASR: Longridge Depot ‘Ambulance Shed’ Refurbishment, £47,000.

·       Replacement of Refuse Iveco Tipper (PO60 AYK), £46,000

·       Replacement of High Top Transit Van PJ63 WUC, £34,500.