Capital Outturn Report 2022-23
Decision Maker: Policy and Resources Committee
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Report on capital expenditure and its
financing for the 2022-23 financial year
The Director of Finance introduced the report which detailed the Capital Outturn for 2022/23 and the resources used to fund the Programme. It asked that the Committee recommended that Council agree the revised 2023/24 Capital Programme which took account of re-profiling, virements, additional funding requirements and grant variations identified since the Capital Programme was formally agreed on 28th February 2022.
Members of the Committee raised several queries regarding the delivery of different capital projects including the Enterprise Resource Planning System, Regeneration and Highway Maintenance which the Chief Executive undertook to seek responses via the relevant Director to the relevant Committees. The Director of Finance further assured the Committee that any capital virements are either decided by or reported to Policy & Resources Committee.
Resolved – That
Council be recommended to approve the revised Capital Programme
of £178.1 million for 2023/24, including the virements of
budget referred to in Appendix D.
Council be recommended to note the financing of the Programme
(3) Council be recommended to note the additional year-end re-profiling of £38.2m from 2022/23 to 2023/24.
Report author: Peter Molyneux
Publication date: 22/06/2023
Date of decision: 14/06/2023
Decided at meeting: 14/06/2023 - Policy and Resources Committee