Issue - meetings

Cabinet Member: Finance

Forward Plan Ref: 2018/092

Contact: Katy Jurczyszyn, Strategic Finance Manager (Finance, Strategy & Monitoring) Tel: 07584 909518

Report by Director of Finance (CA7).

This is the second separate capital programme update and monitoring report and focuses on the delivery of the 2018/19 capital programme based on projections at the end of August 2018 and new inclusions within the overall ten-year capital programme. 

The Cabinet is RECOMMENDED to:

(a)        note the report;

(b)        approve the updated Capital Programme at Annex 2 and the associated changes to the programme in Annex 1c;

(c)        approve the stage 0 budget requirement of £2.5m towards the expansion at Radley School within the Basic Need Programme with funding options considered at Stage 1 gateway.

(d)        approve the stage 0 budget requirement of £1.5m towards the expansion at Bardwell School within the Basic Need Programme.

(e)        approve the additional budget requirement of £3.5m towards the Eastern Arc Phase 1: Access to Headington Project, for an overall budget provision of £14.5m.

Recommendations agreed.

Cabinet considered a capital programme update and monitoring report that focussed on the delivery of the 2018/19 capital programme based on projections at the end of August 2018 and new inclusions within the overall ten-year capital programme.

Councillor Phillips, Shadow Cabinet Member for Finance, commented that the report reflects the amount of activity taking place. Referring to the annexes which listed projects she noted that the Risinghurst project did not seem to be there. Councillor Phillips highlighted the Access to Headington project and asked Cabinet to support the recommendation. She added that the issue had been the piecemeal approach to the project with works since October 2016 and a further phase still outstanding. Councillor Phillips queried confidence levels that the Council had the capacity and confidence to manage this level of activity.  

Councillor Bartholomew responded to the points made noting that it was not always possible to get all the money for a project together at one time. In reality schemes were ready to go and the Council sought funding where ever they could. Capacity was being addressed at every level with people being brought. In addition the capacity of contractors was being addressed. Councillor Hudspeth, Leader of the Council added that he had complete confidence in officers to monitor the programme. It was good to have such a robust capital programme. It was an exciting time for Oxfordshire to be in a position to deliver the infrastructure everyone wants.

Councillor Bartholomew, introduced the contents of the report and moved the recommendations.

RESOLVED:-

(a)        note the report;

(b)        approve the updated Capital Programme at Annex 2 and the associated changes to the programme in Annex 1c;

(c)        approve the stage 0 budget requirement of £2.5m towards the expansion at Radley School within the Basic Need Programme with funding options considered at Stage 1 gateway.

(d)        approve the stage 0 budget requirement of £1.5m towards the expansion at Bardwell School within the Basic Need Programme.

(e)        approve the additional budget requirement of £3.5m towards the Eastern Arc Phase 1: Access to Headington Project, for an overall budget provision of £14.5m.