Decision details

Financial Report on capital spending against budget allocations, including any necessary capital programme approvals.

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).