Issue - meetings

CAPITAL PROGRAMME MONITOR & BUDGET VARIATIONS, 2022/23 (THIRD QUARTER)

 

 

Meeting: 06/02/2023 - Cabinet (Item 8)

8 Capital Programme Monitor & Budget Variations, 2022/23 (Third Quarter) pdf icon PDF 556 KB

Decision:

1.    To note the net decrease in forecast capital expenditure of £5m for 2022/23.  The variations are detailed in Appendix 2.

 

2.    To approve the updated four-year capital programme for 2022-2026 of £641.5m as detailed in Appendix 1.

 

3.    To approve £890,000 additional budget with regards to Hammersmith Bridge Stabilisation works, funded from General Fund borrowing. 

 

4.    To note the potential risks regarding the Housing Capital Programme, as summarised in paragraphs 18-21.

 

Minutes:

Councillor Rowan Ree stated that this report provided a financial update on the Council’s capital programme for quarter 3 and requested approval for budget variations to the capital programme.

 

AGREED UNANIMOUSLY BY THE CABINET MEMBERS:

1.    To note the net decrease in forecast capital expenditure of £5m for 2022/23.  The variations are detailed in Appendix 2.

 

2.    To approve the updated four-year capital programme for 2022-2026 of £641.5m as detailed in Appendix 1.

 

3.    To approve £890,000 additional budget with regards to Hammersmith Bridge Stabilisation works, funded from General Fund borrowing. 

 

4.    To note the potential risks regarding the Housing Capital Programme, as summarised in paragraphs 18-21.