Minute with recommendations and report attached.

The third matter requiring approval was in relation to the capital monitoring for quarter 3 2022/23.

On a motion by Councillor Janette Williamson, seconded by Councillor Jean Robinson it was -

Resolved – That

(1)  the revised Capital Programme of £86.3 million for 2022/23 be approved, including the virements of budget referred to in Appendix D of the report.

(2)  the additional funding be approved for the schemes referred to in section 3.7 of the report from a variety of sources, new borrowing required from the Council, capital receipts, external contributions and the repurposing of previously agreed Council borrowing.

The Director of Finance introduced the report which provided an update on the progress of the Capital Programme 2022/23 at the end of December 2022. It recommended that Committee agreed the revised 2022/23 Capital Programme of £86.3m 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 and later revised in the Quarter 1 and Quarter 2 monitoring reports.

Resolved – That

(1)  Council be recommended to approve the revised Capital Programme of £86.3 million for 2022/23, including the virements of budget referred to in Appendix D of the report.

(2)  Council be recommended to approve the additional funding for the schemes referred to in section 3.7 of the report from a variety of sources, new borrowing required from the Council, capital receipts, external contributions and the repurposing of previously agreed Council borrowing.