Issue - meetings

The Cabinet considered a report which provided the latest budgetary position for the 2022/23 capital programme, as at the 28^th February 2023 and detailed new projects for noting and Cabinet approval.

It had been reported as part of the December monitoring cycle that £56,878k had been slipped to future years and had been incorporated into the new Capital Programme 2023-2028, which brought the general fund working budget more in-line with the projected outturn for the year. HRA budgets remain unchanged.

Departmentally a net spend of £54,673k was forecast compared with a working net budget of £93,787k, giving a -£39,115k variance.

Some budgets had been amended to account for differences in actual grant allocations compared with the anticipated allocations at the time the programme had been approved, and new grant awards received during the year to date.

It was noted that Appendix B detailed the main variances within each department.

UNANIMOUSLY RESOLVED that:

9.1 the capital programme update report 2022/23 be received;

9.2. the new projects as detailed within the report be noted and agreed.