Purpose

To receive the outturn of the capital
programme 2022/23.

Decision

Recommendation to Council to
 
note:
 
1.    
That the actual capital spending in 2022/23 was £20.129M as
shown in section 3 of the report. This is £3.155M less than
the latest agreed capital programme budget of £23.284M and
£3.738M less than the forecast outturn of£23.867M in
quarter three. The actual capital financing in 2022/23 is shown in
paragraph 3.2 of the report.

 
2.    
The 2022/23 significant outturn variations and explanations for
them are shown in Appendices 1 and 2 of the report. 
 
3.    
The addition of £0.026M to the programme and rephasing since
the last reported position in February 2023, under delegated
powers, as shown in Table 7 and paragraphs 4.4 to 4.7 of the
report.
 
4.    
The impact of scheme variances for 2022/23 on future years’
capital expenditure has been reported to the Capital Programme
Board and has been included in the revised capital programme to
2026/27 aligned to Council Plan Priorities and Outcomes.
 
5.    
The revised capital programme for
2023/24 to 2026/27, adjusted for slippage and rephasing and
additions contained within section 4 of the report and detailed in
Appendices 3 and 4.
 
6.    
That the capital programme remains fully funded up to 2026/27,
based on the latest forecast of available resources.
 
approve:
 
7.    
The capital programme changes Appendix 3 including scheme virements
detailed in paragraphs 4.8 to 4.10 of the report, relating to
Electric Vehicle (EV) Charge Points and Parking and Access
(£0.075M in 2023/24) and from Developers Contributions for
Replacement/Refurbishment of Community Facilities to the Local
Infrastructure Fund Pamber Heath
Memorial Hall scheme (£0.023M in2023/24).

 
8.    
The creation of a new scheme in 2023/24 for the Local Authority
Housing Fund (LAHF) to assist in delivering longer term affordable
homes for settling refugees in the borough in accordance with the
Government’s LAHF scheme and funding. Delegation to be given
to the S151 Officer to approve the expenditure once the preferred
delivery option has been recommended by the Capital Programme
Board.
 
9.    
The release of £0.409M in from
the Climate Change Reserve to fund the installation of Electric
Vehicle (EV) Charging Points and the release of£0.028M from
Revenue Reserves for Capital Purposes to fund the purchase of the
Green Team vehicle.
 
10. 
The revised capital programme for
2023/24 to 2026/27 as shown in Appendix 4 and the programme
financing as shown in paragraph 5.1of the report.