Issue - meetings

Cabinet Member: Finance

Forward Plan Ref: 2020/139

Contact: Hannah Doney, Head of Corporate Finance Tel: 07584 174654

Report by Director of Finance (CA7).

This report sets out the latest monitoring position for 2020/21 capital programme based on activity to the end of January 2021 and provides an update on latest ten-year capital programme to 2030/31.

Cabinet is RECOMMENDED to:

(a)           Note the latest capital monitoring position for 2020/21 in Annex 1; and

(b)           Note the latest forecast for additional costs to the Capital Programme associated with COVID-19 of £2.7m.

Recommendations agreed

Cabinet had before them a report that set out the latest monitoring position for 2020/21 capital programme based on activity to the end of January 2021 and provided an update on latest ten-year capital programme to 2030/31.

Councillor Glynis Phillips, Shadow Cabinet Member for Finance referred to the problems with the LED replacement programme and noted that the report stated that delivery would catch up. Councillor Phillips queried what evidence supported this statement. Councillor Phillips also noted that the figures for the programme varied to the numbers in the report at agenda item 6 and sought clarification on the numbers involved in the programme.

Councillor David Bartholomew, Cabinet Member for Finance in moving the recommendations clarified the numbers in relation to the rephasing of the LED street light replacement and confirmed that the programme was still expected to end on time.

RESOLVED:           to:

(a)           Note the latest capital monitoring position for 2020/21 in Annex 1; and

(b)           Note the latest forecast for additional costs to the Capital Programme associated with COVID-19 of £2.7m.