Purpose

To inform Members of the capital programme
outturn for 2022/2023, seek approval for the relevant budget carry
forwards and demonstrate effective and safe use of our resources to
deliver service improvements and service continuity through capital
investments.

Content

RESOLVED
that the Executive:
 
1)   
noted the outturn position of the capital programme
for 2022/23 as summarised in the report below and set out in detail
in appendix A;

 
2)   
approved and noted the proposed carry forwards in
the capital programme as set out in Appendix B.
 
3)   
noted and approved the Quarter 4 budget adjustments
to the 2022/23 capital programme which include;
 

a)   
An additional £63,081 budget for fit out costs
for Ryeish Green Learning Disability Accommodation. This is funded
in full by a ring-fenced contribution from NHS
Berkshire.
 

b)   
An additional £77,000 budget for works on
Dinton Barn is required to meet the latest costs of the project
following a recent procurement tender process. This is funded in
full from the SANG maintenance reserve.
 

c)   
An additional £121,607 budget towards Winnersh
Farm SEN School. This is funded in full from Reading Borough
Council and is a contribution towards abnormal costs identified in
the project.
 
4)
approved the capital funding and the expenditure budget of
£956,000 for the purchase of four properties as part of the
single homelessness accommodation programme (SHAP). This will be
funded from S106 developer contributions (£150,000),
ringfenced grant (£359,408) and the remainder from HRA
borrowing (£446,592).