Issue - meetings

Purpose: to report on the forecast under or over spends against the Council’s approved capital budget. This report presents the forecast outturn position for financial year 2022/23 as at Quarter Three.          

Resolved that Executive:

·         Note the forecast outturn position on the 2022/23 capital programme.

·         In respect of reprofiling of planned capital expenditure, Executive approve:

(a) £7.3 million of planned expenditure to be reprofiled into financial year 2023/24 (project details in Appendix B).

(b) £39k of Council funding (i.e. debt funding) proposed to be brought forward from approved expenditure for financial year 2023/4 into financial year 2022/23 (project details in Appendix B).

·         In respect of reprofiling of planned capital expenditure, Executive note:

(a) £239k of external funding to be brought forward from financial year 2023/24 into financial year 2022/23 (project details in Appendix B).

This decision is eligible to be ‘called-in’.  However, if the decision has not been ‘called-in’ by 5.00pm on 17 February 2023, then it will be implemented.

Councillor Ross Mackinnon proposed the recommendation within the report (Agenda Item 10), and noted that there would need to be £7.3m of re-profiling in the forthcoming year. Councillor Mackinnon commented that the trend to re-profile was not uncommon and referred to page 222 of the Agenda pack, noting that the re-profiling for 2022/23 was similar to previous years.

Councillor Dominic Boeck commented that he was happy to second the recommendation and noted that the paper reflected some of the important spending that the Council had committed to across the district in relation to education schemes.

RESOLVED that: Executive

·         Note the forecast outturn position on the 2022/23 capital programme.

·         In respect of reprofiling of planned capital expenditure, members are asked to approve:

(a) £7.3 million of planned expenditure to be reprofiled into financial year 2023/24 (project details in Appendix B).

(b) £39k of Council funding (i.e. debt funding) proposed to be brought forward from approved expenditure for financial year 2023/4 into financial year 2022/23 (project details in Appendix B).

·         In respect of reprofiling of planned capital expenditure, members are asked to note:

(a) £239k of external funding to be brought forward from financial year 2023/24 into financial year 2022/23 (project details in Appendix B).