Council and democracy

Decision details

2017/18 Capital Monitoring Report - Quarter 3 (Decision 0110466)

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To note the position on the major capital schemes undertaken by the Council.

 

Decisions:

Councillor Gledhill presented the report on behalf of Councillor Hebb. Members were advised the report provided a snapshot of the programme at month 9, December 2017. He continued to advise that the Council was on track and had spent £31.7million as of the 31 December 2017; this was against a budget of £62million, with the remainder going forward to complete projects over the next few years.

 

Members were reminded it was important to remember that the Council was not the only partner involved in the projects and it was often that works would have to be scheduled in with them so delivery times could vary.

 

The Leader then mentioned the Council was on target to spend 60% of the budget by the end of the financial year and, although the figures given did not include the one off funds set aside from this year’s surplus, he felt it was important to update Members although the figures were approximate ones:

 

·         £590,000 to be allocated to resurfacing work, this was processing and was due to be completed by April 2018;

·         £310,000 had been allocated for white lining and central reservation bollard cleaning, this was underway and was anticipated to be completed by October 2018;

·         £250,000 to be allocated for borough signage, which was now on order and would be implemented over the next few months;

·         £345,000 had been allocated for environment equipment and drainage improvements and;

·         £380,000 had been allocated to assist with data gathering for the Lower Thames Crossing.

 

Councillor Gledhill commented the works were additional to those expected to be completed during the current year and would be achievable due to the investments made during the past year.

 

Councillor Halden commented it was notable to remember those listed within Appendix 2 were the capital projects being run by the council, the list didn’t include the projects the Council was part of but didn’t hold all of the capital for such as the new Free Schools and the Integrated Medical Centres. These were projects where the Council was working with a number of different partners. 

 

The Portfolio Holder for Regeneration remarked on the £380,000 being allocated to assist with data gathering for the Lower Thames Crossing. He stated that a report would be brought to Cabinet in due course.

 

RESOLVED that Cabinet:

 

1.    Noted the General Fund capital programme is projected to have available resources of £10.577m as at 31 March 2018 with this funding carried forward to 2018/19 to fund schemes currently in progress;

 

2.    In addition, there is a further £118.266m in the approved programme that is under development and/or dependent on third party actions as set out in paragraph 3.5;

 

3.    Noted the Housing Revenue Account capital programme is projected to have available resources of £0.065m as at 31 March 2018 with this funding carried forward to 2018/19 to fund schemes currently in progress.

 

Reason for Decision – as stated in the report

This decision is subject to call-in

Report author: Sean Clark (Corporate Director Resources and Place Delivery)

Publication date: 19/03/2018

Date of decision: 14/03/2018

Decided at meeting: 14/03/2018 - Cabinet

Effective from: 27/03/2018

Accompanying Documents: