4 Capital Programme Monitor & Budget Variations, 2020/21 (Outturn) PDF 532 KB
Minutes:
Councillors Max Schmid introduced the report and noted that no significant new capital projects had been proposed.
AGREED UNANIMOUSLY BY THE CABINET MEMBERS PRESENT:
1. To approve the proposed budget variations to the capital programme as summarised in Table 1 and detailed in Appendix 2.
2. To approve an adjustment of £422,317 to the budget for the construction of affordable units at Spring Vale estate funded by 30% of Greater London Authority (GLA) affordable housing grant and 70% Housing Revenue Account (HRA) borrowing, as detailed in section 19.
3. To note the capital outturn for the year.