Decision details

The Director of Resources submitted a report seeking approval for the 2022/23 revised estimate for this Committee’s capital programme.

Members were reminded that this Committee’s original capital programme for 2022/23 was approved in March 2022. Since then regular reports have been presented to this Committee with regards to the progress of the capital programme. There have also been a number of further approvals and adjustments made during the year. As a result, the total approved budget for this Committee’s capital programme of ten schemes was currently £3,581,040..

The report noted:

·         That the proposed revised estimate for this Committee’s 2022/23 capital programme was £1,397,630, which was a reduction of £2,183,410 from the previously approved capital budget.

·         It is proposed that budgets totalling £2,185,460 on five schemes are moved to the 2023/24 financial year.

·         At the end of November 2022 £401,422 had been spent or committed and this was 28.7% of the revised estimate capital programme for this Committee.

Of the eight schemes in the proposed revised capital programme, three schemes were currently expected to be completed in-year, it was unclear whether spend on wo schemes would be completed in-year and three schemes are on-going grants schemes.

RESOLVED THAT COMMITTEE:

1.    Approved the 2022/23 revised estimate of £1,397,630 for this Committee’s capital programme, as set out in the Annex to the report.

2.    Approved the transfer of the following capital budgets from 2022/23 to 2023/24:

· Clitheroe Market Improvements, £72,600.

· Replacement of Pest Control Van PK13 FJP, £32,280.

· Replacement of Dog Warden Van PE64 EYC, £32,500.

· Equity Share Option Schemes, £422,130.

· Affordable Housing – Longridge, £1,625,950.