Issue - meetings

Cabinet Member: Finance

Forward Plan Ref: 2019/168

Contact: Hannah Doney, Strategic Finance Manager (Assurance & Reporting) Tel: 07584 174654

Report by Director of Finance (CA8).

The report is the forth capital programme update and monitoring report for the 2019/20 financial year and focuses on the delivery of the capital programme based on projections at the end of January 2020 and new inclusions within the overall ten-year capital programme.

The Cabinet is RECOMMENDED:

a)               to approve the changes to the programme in Annex 1c;

b)              to agree to continue to report the Growth Deal at programme level to enable resources to be moved between schemes (as set out in annex 2) but within the overall programme total of £143m.

Recommendations approved.

Cabinet considered the report which focused on the delivery of the capital programme and new inclusions with the overall ten-year capital programme.

Councillor David Bartholomew summarised the report.  There has been a small decrease of £0.4m in forecast expenditure for 2019/20 due to a rescheduling of some school maintenance projects to the following year with minimum impact as explained in Paragraph 11 on Agenda Page 86.

The total ten-year programme sees an increase of £1.7m as a result of financial contributions to Local Growth Fund projects agreed by the OxLEP as outlined in Paragraph 15 on Agenda Page 87 and Annex 1c.

The figures for the Housing and Growth Deal Programme are outlined in Paragraphs 16 to 19 on Agenda Page 88 but are going to change as technical assessments are completed and progressed through key stages of delivery.

The Chairman noted the expenditure on the Milton Enterprise Pedestrian and Cycle Bridge and the project at Shores Green Witney as examples that showed that the deal was not all about Oxford city.

Councillor Yvonne Constance added that she would like to see a list of Year 2 programmes.

The Chairman moved the recommendations and they were approved by consensus.

RESOLVED:

a)               to approve the changes to the programme in Annex 1c;

b)               to agree to continue to report the Growth Deal at programme level to enable resources to be moved between schemes (as set out in annex 2) but within the overall programme total of £143m.