Decision details

Capital Programme Monitor & Budget Variations, 2020/21 (Second Quarter)

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report provides a financial update on the council’s capital programme at the end of the second quarter and requests approval for any budget variations.

Decision:

1.    To approve the proposed budget variations to the capital programme totalling £9.1m (summarised in Table 1 and detailed in Appendix 2).

 

2.    To note the potential risks regarding the Housing Capital Programme, as summarised in paragraphs 26, 27 and 28.

 

3.    To approve budget amendments of £1,016,000, funded from borrowing, to complete transport and parks schemes for which expected TfL grants and section 106 contributions are no longer available (see Appendix 2 for detail).

 

4.    To approve funding from borrowing of £455,000 for previously approved transport schemes for which S106 and TfL funding contributions are no longer available.

 

Report author: Andrew Lord

Publication date: 05/01/2021

Date of decision: 04/01/2021

Decided at meeting: 04/01/2021 - Cabinet

Effective from: 08/01/2021

Accompanying Documents: