Issue - meetings

[Note:  Councillors. L.M. Stephens and P. Hughes-Griffiths declared an interest during consideration of this item.]

The Executive Board considered a report which provided an update of the latest budgetary position for the 2020/21 capital programme as at the 28^th February, 2021.

Appendix A appended to the report showed a forecasted net spend of £34,525k was forecasted compared with a working net budget of £76,120k giving a -£41,595k variance. The Executive Board Member for Resources reported that the significant variance projected at this time continued to be largely attributed to the restrictions associated with the Covid-19 pandemic and followed an adjustment to the budgets to reflect £38m slipped to future years.

The report detailed additional Schemes to the Capital Programme which sought Executive Board approval.

The Board considered the main variances detailed within each department appended to the report at Appendix B.

UNANIMOUSLY RESOLVED that:

12.1    the capital programme update report be received.

12.2    the additional projects detailed in the report be approved.