Issue - meetings

To receive and consider the report of the Director of Finance.

1.    To approve the revised capital programme as attached at Appendix A, which includes an amendment to the programme of £190k, as detailed at point 11 of this report.

2.    To note the variations to the programme (which are detailed by scheme at Appendix B and referenced within the body of the report);

3.    To note the position in the Balance Sheet monitoring section of the report, in respect of cash, investment and loan balances and debtors, at 30th September 2023.

Councillor Peter Wilson, Executive Member for Resources presented the report of the Director of Finance which reported the outturn financial position of the Council in respect of the capital programme at 30 September 2023, and highlighted key issues and explained key variances and to provide an overview of various elements of the Council’s Balance Sheet at 30 September 2023.

The capital budget for 2023/24 was set at £21,103,000 in February 2023. This was increased following the approval of the 2022/23 outturn to £22,998,000, which was further amended in the Capital Monitoring Report as at 31 July 2023 to £18,190,000.

Decision:

1.         To approve the revised capital programme as attached at Appendix A, which includes an amendment to the programme of £190k, as detailed at point 11 of this report.

2.         To note the variations to the programme (which are detailed by scheme at Appendix B and referenced within the body of the report);

3.         To note the position in the Balance Sheet monitoring section of the report, in respect of cash, investment and loan balances and debtors, at 30th September 2023.

Reasons for recommendation

To ensure the Council’s Capital Programme is monitored effectively.

Other options considered and rejected

None.