Issue - meetings

To consider the report of the Head of Finance, Procurement & Commercial Services.

(Relevant Portfolio Holder: Councillor A Yates)

The Leader introduced the report of the Head of Finance, Procurement & Commercial Services, which detailed the Revised General Revenue Account (GRA) Capital Programme for 2022/23 and provided an update on the progress of capital schemes at quarter 1.

The Leader advised that the report had been considered by the Executive Overview & Scrutiny Committee on 6 September 2022, the minutes of which had been circulated prior to the meeting.

In reaching the decision below the Cabinet considered the decision of the Executive Overview & Scrutiny Committee, the report before it and the recommendations contained therein.

RESOLVED:   A.     That the revised Capital Programme, including the re-profiling, virements and budget adjustments contained within Appendix A to the report and the progress against the Revised Capital Programme at Quarter 1, be noted.

B.     That future GRA Capital Monitoring reports be considered by the newly established Budget/Council Plan Committee, unless there are specific recommendations for Cabinet to consider.

To consider the report of the Head of Finance, Procurement & Commercial Services.  

Consideration was given to the report of the Head of Finance, Procurement and Commercial Services as contained on pages 187 to 194 of the Book of Reports which, provided the Revised General Revenue Account (GRA) Capital Programme for 2022/23 and an update on the progress of capital schemes at quarter 1.

The Corporate Finance Manager outlined the report detailing the following:

·         The capital programme for 2022/23 now totals £15.295m including the re-profiling from 2021/22.

·         The on-going exercise of reviewing capital schemes had identified £4.551m to be re-profiled into future years at quarter 1.

·         20 council house sales had been achieved at quarter 1 and the 50 target is expected to be met.

RESOLVED:

A.   That the revised Capital Programme, including the re-profiling, virements and budget adjustments contained within Appendix A to the report, and the progress against the Revised Capital Programme at Quarter 1 be noted.

B.   That future GRA Capital Monitoring reports be considered by the newly

established Budget/Council Plan Committee, unless there are specific

recommendations for this Committee and Cabinet to consider.