Issue - meetings
Capital Monitoring Quarter 1 2021/22
Meeting: 18/10/2021 - Council (Item 48)
The Council is requested to agree the following recommendation of the Policy and Resources Committee:
(1) additional funding for the schemes referred to in section 3.5 in the report.
(2) the revised Capital Programme of £79.7 million for 2021-22, including the virements referred to in Appendix 3 in the report.
Policy and Resources Committee minute 51 (1/9/21) and report attached.
- Capital Monitoring Quarter 1 2021-22 +FINAL+, 01/09/2021 Policy and Resources Committee, item 48 PDF 261 KB
- Webcast for Capital Monitoring Quarter 1 2021/22
The second item requiring approval was in relation to a revised capital programme.
Councillor Janette Williamson moved and Councillor Yvonne Nolan seconded the recommendation of the Policy and Resources Committee of 1 September, 2021 with regard to the Capital Programme.
Councillor Tom Anderson moved and Councillor Lesley Rennie seconded an amendment as an addition to the recommendation, as follows:
‘(3) While Council notes the Community Bank has
not yet launched and no expenditure has been incurred, given the
anticipated external assurance reviews for the capitalisation
directive, Council believes it is no longer appropriate to allocate
£5,000,000 to the Community Bank in the Capital
Council therefore resolves to remove the following allocations from the Programme: £185,000 in 2021/2022, £575,000 in 2022/2023 and £4,240,000 in 2023/ 2024.’
At 7.12pm the Civic Mayor adjourned the meeting to enable copies of the amendment to be circulated to all Members.
The meeting resumed at 7.27pm.
Following a debate on the amendment, the amendment was put and lost (23:41).
After a short debate on the motion, and Councillor Janette Williamson having replied, the motion was put and it was -
Resolved (64:0) – That the recommendations contained within minute 51 of the Policy and Resources Committee of 1 September, 2021, be agreed and that the following be approved:
(1) additional funding for the schemes referred to in section 3.5 of the report;
(2) a revised Capital Programme of £79.7 million for 2021-22, including the virements referred to in Appendix 3 of the report.
Shaer Halewood, Director of Resources, presented this report which provided an update on the progress of the Capital Programme 2021/22 at the end of June 2021. All schemes had been reviewed and the report listed those which could be achieved within the financial year. This had required some virements to allow for the reprofiling.
Members queried several points and it was clarified that:
· For the extra care housing scheme, funds were provided in advance so that planning permission could be gained to enable the development to take place. The development should lead to savings on adult’s care services by enabling people to live longer independently.
· There was key route network funding provided at short notice which was gained after the budget was drawn up.
· The Community Bank had not yet launched although the process continued to be followed and is being led by the CSBA. No expenditure had been incurrent in relation to this.
(1) the on-going review and reprofiling of the Capital Programme be reported to members in the next quarterly capital monitoring report.
(2) Council be recommended to approve:
1. additional funding for the schemes referred to in section 3.5 in this report.
2. the revised Capital Programme of £79.7 million for 2021-22, including the virements referred to in Appendix 3 in this report.