Issue - meetings

Capital Programmes, Quarter 2 Finance Report 2021/22

Meeting: 02/12/2021 - Cabinet (Item 96)

96 Capital Programmes, Quarter 2 Finance Report 2021/22 pdf icon PDF 380 KB

Decision:

RESOLVED that Cabinet:

 

A     Noted the progress in the delivery of the Council’s Housing and Non Housing Capital Programmes at Quarter 2 as follows:

 

             i)        The current budget for the Housing Capital Programme (HCP) is £38.923 million.  The forecast outturn and proposed revised budget is £27.332 million, comprising £24.083 million for the Core Housing programme and £3.248 million for New Build developments.

 

            ii)        The current budget for the Non Housing Capital Programme (NHCP) is £23.346 million.  The forecast outturn and proposed revised budget is £11.796 million.

 

B    Approved the removal from the HCP of the balance of the Brenthall Towers budget totalling £734,995 as this scheme is no longer progressing.

 

C    Approved the removal from the HCP of the balance of the Stackfield budget totalling £131,857 as this scheme has been removed.

 

D    Noted the various delays encountered across the Capital Programmes, many of which are as a direct result of the Covid-19 Pandemic and the subsequent impact this has had on the ability to source materials, resulting in price increases.

 

E     Approved a virement of £99,589 from the existing NHCP scheme for the Bush Fair Pavilion to fund the replacement of buried pipework and Courtyard work at Netteswellbury Farm and St. Andrews Church. The balance of the Bush Fair Pavilion scheme has been re-profiled to 2022/23.

 

F     Approved the inclusion in the 2021/22 NHCP of an additional £783,750 for works to commence projects at the Bus Station, Broadwalk and Staple Tye as part of the Towns Fund grant. The £23.7 million grant was confirmed by the Ministry for Housing, Communities and Local Government (MHCLG) in June 2021.

 

G    Approved an increase of £217,581 to the Paddling Pools and Splash Parks current 2021/22 budget to £823,581. This follows on from Key Decision Number I02905 approved at Cabinet on 14/10/21 for the conversion of the Staple Tye paddling Pool to a Splash Park with retained paddling pool element.

 

H    Approved the inclusion of the installation of a new Fire Alarm and Learning Centre Conference Facilities at Pet’s Corner, totalling £17,000. Both schemes are to be funded from underspends within the current approved NHCP.

 

I       Approved that £180,000 is brought forward from 2022/23 to 2021/22 to align with the timeframe of works anticipated at 4 The Hill.

 

J     Approved re-profiling of capital budgets as set out in Appendices A and B to the report.

Minutes:

Cabinet received the quarter 2 Capital Programmes finance report for 2021/22.

 

Proposed by Councillor Simon Carter (seconded by Councillor Dan Swords) it was:

 

RESOLVED that Cabinet:

 

A     Noted the progress in the delivery of the Council’s Housing and Non Housing Capital Programmes at Quarter 2 as follows:

 

                             i)        The current budget for the Housing Capital Programme (HCP) is £38.923 million.  The forecast outturn and proposed revised budget is £27.332 million, comprising £24.083 million for the Core Housing programme and £3.248 million for New Build developments.

 

                            ii)        The current budget for the Non Housing Capital Programme (NHCP) is £23.346 million.  The forecast outturn and proposed revised budget is £11.796 million.

 

B    Approved the removal from the HCP of the balance of the Brenthall Towers budget totalling £734,995 as this scheme is no longer progressing.

 

C    Approved the removal from the HCP of the balance of the Stackfield budget totalling £131,857 as this scheme has been removed.

 

D    Noted the various delays encountered across the Capital Programmes, many of which are as a direct result of the Covid-19 Pandemic and the subsequent impact this has had on the ability to source materials, resulting in price increases.

 

E     Approved a virement of £99,589 from the existing NHCP scheme for the Bush Fair Pavilion to fund the replacement of buried pipework and Courtyard work at Netteswellbury Farm and St. Andrews Church. The balance of the Bush Fair Pavilion scheme has been re-profiled to 2022/23.

 

F     Approved the inclusion in the 2021/22 NHCP of an additional £783,750 for works to commence projects at the Bus Station, Broadwalk and Staple Tye as part of the Towns Fund grant. The £23.7 million grant was confirmed by the Ministry for Housing, Communities and Local Government (MHCLG) in June 2021.

 

G    Approved an increase of £217,581 to the Paddling Pools and Splash Parks current 2021/22 budget to £823,581. This follows on from Key Decision Number I02905 approved at Cabinet on 14/10/21 for the conversion of the Staple Tye paddling Pool to a Splash Park with retained paddling pool element.

 

H    Approved the inclusion of the installation of a new Fire Alarm and Learning Centre Conference Facilities at Pet’s Corner, totalling £17,000. Both schemes are to be funded from underspends within the current approved NHCP.

 

I       Approved that £180,000 is brought forward from 2022/23 to 2021/22 to align with the timeframe of works anticipated at 4 The Hill.

 

J     Approved re-profiling of capital budgets as set out in Appendices A and B to the report.