Issue - meetings

Cabinet Member: Finance

Forward Plan Ref: 2023/002

Contact: Kathy Wilcox, Head of Financial Strategy, kathy.wilcox@oxfordshire.gov.uk

Report by Director of Finance (CA8).

The Cabinet is RECOMMENDED to:

Capital Programme

1.               Accept the latest capital monitoring position for 2023/24 set out in Annex 1.

2.               Approve the updated Capital Programme at Annex 2 incorporating the changes set out in this report.

Grant funding

Agree the inclusion in the Capital Programme of the following grant funding updates and allocation:

3.               additional pothole funding of £3.706m to be added to the annual structural maintenance programme (Paragraph 81).

4.               Sustainable Warmth Fund for Home Upgrade 2 grant of £6.4m to be utilised in 2023/24 and 2024/25 (Paragraph 46).

Capital Approvals

Agree:

5.               An increase of £0.7m in the Bloxham CE Primary School scheme – new hall and kitchen (paragraph 59).

6.               An increase of £0.3m in the Botley Road Corridor scheme to reflect the final accounts for the scheme (paragraph 63).

7.               An update to the agreed funding for Tree Planting Programme to split this into capital (£1.8m) and revenue (£0.8m) elements (paragraph 65).

8.               Inclusion of £18.0m for the Fleet Management Programme (paragraph 69).

9.               Release of £0.8m Vision Zero pipeline funding towards Active Travel (paragraph 74).

10.           The short-term funding arrangements on the North Oxford Corridor Scheme until the confirmation of the revised scheme cost and the reallocation of Growth Deal grant towards the scheme from the overall existing Growth Deal programme (paragraph 76).

RESOLVED to:-

Capital Programme

1.            Note the latest capital monitoring position for 2023/24 set out in Annex 1.

2.            Approve the updated Capital Programme at Annex 2 incorporating the changes set out in this report.

Grant funding

Agree the inclusion in the Capital Programme of the following grant funding updates and allocation:

3.            additional pothole funding of £3.706m to be added to the annual structural maintenance programme (Paragraph 81).

4.            Sustainable Warmth Fund for Home Upgrade 2 grant of £6.4m to be utilised in 2023/24 and 2024/25 (Paragraph 46).

Capital Approvals

Agree:

5.            An increase of £0.7m in the Bloxham CE Primary School scheme – new hall and kitchen (paragraph 59).

6.            An increase of £0.3m in the Botley Road Corridor scheme to reflect the final accounts for the scheme (paragraph 63).

7.            An update to the agreed funding for Tree Planting Programme to split this into capital (£1.8m) and revenue (£0.8m) elements (paragraph 65).

8.            Inclusion of £18.0m for the Fleet Management Programme (paragraph 69).

9.            Release of £0.8m Vision Zero pipeline funding towards Active Travel (paragraph 74).

10.         The short-term funding arrangements on the North Oxford Corridor Scheme until the confirmation of the revised scheme cost and the reallocation of Growth Deal grant towards the scheme from the overall existing Growth Deal programme (paragraph 76).

Cabinet had before it the first quarterly capital programme update and monitoring report for 2023/24 which set out the monitoring position based on activity to the end of May 2023.    The report also provided an update to the Capital Programme approved by Council in February 2023, taking into account additional funding and new schemes.  The updated programme incorporated changes agreed through the Capital Programme Approval Reports to Cabinet in May and June 2023 as well as new funding.

Councillor Liz Leffman, Leader of the Council, introduced the report. She referred to the additional measures introduced to monitor the Council’s Capital Programme and explained the reasons for the changes recommended.

Councillor Phillips proposed and Councillor Enright seconded that, as the Capital Programme was under review, recommendation a) be amended to “note” the Capital Programme. The amendment was approved.

Councillor Leffman moved and Councillor Brighouse seconded the amended recommendations and they were approved.

RESOLVED to:-

Capital Programme

1.               Note the latest capital monitoring position for 2023/24 set out in Annex 1.

2.               Approve the updated Capital Programme at Annex 2 incorporating the changes set out in this report.

Grant funding

Agree the inclusion in the Capital Programme of the following grant funding updates and allocation:

3.               additional pothole funding of £3.706m to be added to the annual structural maintenance programme (Paragraph 81).

4.               Sustainable Warmth Fund for Home Upgrade 2 grant of £6.4m to be utilised in 2023/24 and 2024/25 (Paragraph 46).

Capital Approvals

Agree:

5.               An increase of £0.7m in the Bloxham CE Primary School scheme – new hall and kitchen (paragraph 59).

6.               An increase of £0.3m in the Botley Road Corridor scheme to reflect the final accounts for the scheme (paragraph 63).

7.               An update to the agreed funding for Tree Planting Programme to split this into capital (£1.8m) and revenue (£0.8m) elements (paragraph 65).

8.               Inclusion of £18.0m for the Fleet Management Programme (paragraph 69).

9.               Release of £0.8m Vision Zero pipeline funding towards Active Travel (paragraph 74).

10.           The short-term funding arrangements on the North Oxford Corridor Scheme until the confirmation of the revised scheme cost and the reallocation of Growth Deal grant towards the scheme from the overall existing Growth Deal programme (paragraph 76).