Issue - meetings

The Portfolio Holder for Corporate Governance, Finance and Resources to submit a report on the forecast outturn position for 2022/23 and the proposed General Fund Programme for 2022-27.

Cabinet RECOMMENDED to Council:

1)    The addition to the 2022/23 General Fund Capital Programme of a further £104k for Environmental maintenance vehicle replacement programme funded from the renewals and repair fund.

2)    The removal from the 2022/23 General Fund Capital Programme of £550k of LAD 3 MEH sustainable warmth budget.

3)    The reduction in the 2022/23 General Fund Capital Programme of £62k on property condition survey works.

4)    The General Fund Capital Programme for 2023-27 as attached at Appendix B.

5)    The sources of funding for the General Fund capital programme for 2023/24 as set out in Appendix C.

6)    Authority be delegated to the Director for Corporate Services to amend the amount in the capital programme for Disabled Facilities Grants once funding confirmation has been received as referred to in para 5.9.

7)    The Capital Strategy 2022-23 as attached at Appendix D.

Director for Corporate Services introduced the report, the purpose of which provided Members with information on the forecast outturn position for 2022/23 and the setting out of the proposed General Fund Programme for 2022-27. The report also contained the updated version of the Capital Strategy for all council funds for 2023/24.

The Portfolio Holder for Corporate Governance, Finance and Resources thanked the Director for Corporate Services and her team for the preparation of the Capital Programme and outlined the recommendations.

Cabinet RECOMMENDED to Council:

1)    That the addition to the 2022/23 General Fund Capital Programme of a further £104k for Environmental maintenance vehicle replacement programme funded from the renewals and repair fund be approved.

2)    That the removal from the 2022/23 General Fund Capital Programme of £550k of LAD 3 MEH sustainable warmth budget be approved.

3)    That the reduction in the 2022/23 General Fund Capital Programme of £62k on property condition survey works be approved.

4)    That the General Fund Capital Programme for 2023-27 as attached at Appendix B be approved.

5)    That the sources of funding for the General Fund capital programme for 2023/24 as set out in Appendix C be approved.

6)    That authority be delegated to the Director for Corporate Services to amend the amount in the capital programme for Disabled Facilities Grants once funding confirmation has been received as referred to in paragraph 5.9.

7)    That the Capital Strategy 2022-23 as attached at Appendix D be approved.

Reasons for Recommendations:

Approving the capital programme and capital strategy will support the Council in delivering its commitment to manage its assets effectively and to ensure the benefits from them are maximised for the benefits of the Council and community as a whole. These Capital plans will support the effective delivery of these ambitions and will ensure appropriate levels of capital expenditure and investment are in place to meet Corporate priorities and objectives whilst ensuring that plans are affordable, prudent and sustainable. It is a requirement of the CIPFA Prudential Code for Capital Finance in Local Authorities published in 2017 to produce a capital strategy and for the Chief Finance Officer to report explicitly on the affordability and risk associated with it.

The Capital Programme for 2023-27 for the General Fund is attached at Appendix B. The Programme gives the total cost of each scheme, the spending profile, the amounts authorised to be spent and the stage each scheme has reached within the Capital programme.