Issue - meetings

Cabinet Member: Finance

Forward Plan Ref: 2023/131

Contact: Natalie Crawford, Capital Programme Manager, natalie.crawford@oxfordshire.gov.uk

Report by Director of Finance (CA10).

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, noting the return of £1.2m corporate funds from the Defect Liability Programme.

Additions to the Capital Programme

3.               Approve the inclusion of Oathill Lodge - a Children’s Residential Home - into the Capital Programme, releasing £2.528m of funding agreed by Council in February 2023 (paragraph 56).

4.               Approve the inclusion of Greenways, Wootton - a Children’s Residential Home - into the Capital Programme, releasing funds of £2.065m agreed by Council in February 2023 (paragraph 58).

5.               Approve the inclusion of Thames Path Bank Repairs into the Capital Programme using £1.5m of earmarked reserves approved by Council in February 2023 (paragraph 60).

Grant funding Bids

6.               Agree to proceed with a bid for Local Electric Vehicle Infrastructure Funding and to seek permission to enter procurement (paragraph 62).

7.               Agree to proceed with a bid for the Property Decarbonisation Programme funding (paragraph 64).

Recommendations approved.

Cabinet considered the second quarterly capital programme update and monitoring report for 2023/24 which set out the monitoring position based on activity to the end of August 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 also incorporated changes agreed through the Capital Programme Approval Reports to Cabinet during the year as well as new funding.

Councillor Dan levy, Cabinet Member for Finance, presented the report.

Councillor Levy moved and Councillor Sudbury seconded the recommendations, and they were approved.

RESOLVED 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, noting the return of £1.2m corporate funds from the Defect Liability Programme.

Additions to the Capital Programme

3.               Approve the inclusion of Oathill Lodge - a Children’s Residential Home - into the Capital Programme, releasing £2.528m of funding agreed by Council in February 2023 (paragraph 56).

4.               Approve the inclusion of Greenways, Wootton - a Children’s Residential Home - into the Capital Programme, releasing funds of £2.065m agreed by Council in February 2023 (paragraph 58).

5.               Approve the inclusion of Thames Path Bank Repairs into the Capital Programme using £1.5m of earmarked reserves approved by Council in February 2023 (paragraph 60).

Grant funding Bids

6.               Agree to proceed with a bid for Local Electric Vehicle Infrastructure Funding and to seek permission to enter procurement (paragraph 62).

7.               Agree to proceed with a bid for the Property Decarbonisation Programme funding (paragraph 64).