Issue - meetings

Following consideration of the officer report, appendices and discussion, the Executive resolved to:

a)    Note the capital outturn position for the financial year 2023/24 of £117.8m

b)    Approve the slippage of £196.890m from 2023/24 into 2024/25 and beyond whilst a further review of the capital programme takes places during 2024/25

c)    Approve the removal of the underspend

d)    Approve the changes to the capital programme approvals, as detailed in Section 26 of this report

The Leader of the Council, Cllr Bill Revans, invited the Lead Member for Finance, Procurement and Performance, Cllr Liz Leyshon, to introduce the report. Cllr Leyshon highlighted the hard work in bringing together five capital budgets and school capital budgets.

Nicola Hix, Service Director Finance and Procurement, then highlighted the significant work involved in ensuring the profiling of the capital programme, and the challenges due to losing legacy knowledge in the team.

The Leader of the Council, Cllr Bill Revans, invited comments from Committee Members and other Members present. Questions and points raised included: the impact of the new government on the capital programme; risks due to the capital underspend; planned improvements to capital budgeting; slippage in the Adults and Health budget relating to Learning Disability.

The Leader of the Council concluded the discussion and proceeded to a vote on the recommendations, which were agreed unanimously.

Following consideration of the officer report, appendices and discussion, the Executive resolved to:

a)    Note the capital outturn position for the financial year 2023/24 of £117.8m

b)    Approve the slippage of £196.890m from 2023/24 into 2024/25 and beyond whilst a further review of the capital programme takes places during 2024/25

c)    Approve the removal of the underspend

d)    Approve the changes to the capital programme approvals, as detailed in Section 26 of this report