Decision details

Capital Programme Monitor & Budget Variations, 2020/21 (Third 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 (third quarter) and requests approval for budget variations to the capital programme.

Decision:

1.    To approve the proposed budget variations to the capital programme totalling £1.6m (summarised in Table 1 and detailed in Appendix 2).

 

2.    To approve additional budget of £1,223,000 funded from borrowing (£432,000) and external grants (£791,000), to complete various transport and parks schemes (see Appendix 2 for detail).

 

3.    To approve an additional budget of £0.9m, and funding acceptance regarding a grant award from BEIS (Department for Business, Energy and Industrial Strategy) for Social Housing Decarbonisation and note that this will be supported by £1.6m of funding from the existing HRA Asset Management and Compliance Programme.

 

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

 

Report author: Andrew Lord

Publication date: 02/02/2021

Date of decision: 01/02/2021

Decided at meeting: 01/02/2021 - Cabinet

Effective from: 05/02/2021

Accompanying Documents: