8 CAPITAL PROGRAMME 2021/22 - END OF YEAR REVIEW (31 MARCH 2022 POSITION) PDF 339 KB
Cyflwynwyd gan: Cllr. Ioan Thomas
Additional documents:
Decision:
To accept the report on the end of
year review (31 March 2022 position) of the capital programme.
The expenditure of £37,054,000 on
the capital programme during the 2021/22 financial year was noted, which would
be used in the statutory financial statements for 2021/22.
To approve the revised financing as
shown in part 4 of the report, namely:
Minutes:
The report
was submitted by Cllr Ioan Thomas.
DECISION
To accept
the report on the end of year review (31 March 2022 position) of the capital
programme.
The
expenditure of £37,054,000 on the capital programme during the 2021/22
financial year was noted, which would be used in the statutory financial
statements for 2021/22.
To approve
the revised financing as shown in part 4 of the report, namely:
DISCUSSION
The report was
submitted, noting that it presented the revised capital programme and to
approve the relevant financing sources. It was expressed that the main
conclusions were that the Council had succeeded to spend £37.1m in 2021/22 on
capital plans, with 81% of it funded through specific grants.
It was
explained that the impact of Covid-19 had continued on the capital programme.
It was noted in addition to the £31.2m reported on in previous reviews 2021/22,
that a further £26.8m of proposed spending had been re-profiled to 2022/23 and
attention was drawn to the main plans including:
·
£7.6
million in Housing and Homelessness Strategy Plans
·
£7.2
million in Flood Prevention and Land Drainage Schemes
·
£6.5
million in 21st Century Schools Plans and Others
·
£4.0
million in Welsh Government New Grants in Housing (displaced resource
re-profiled)
·
£3.2
million in Additional General Capital Grant 21/22 (received in the last quarter
of the year with the right to transfer it to 22/23).
Attention
was drawn to additional grants the Council had managed to attract since the
previous review, which included:
·
£3.2
million - Additional General Capital Grant 21/22 - approved slippage to 22/23.
·
£3.1
million - Grants from the Land Development and Construction Fund which enables
replacing existing funding to be spent in 22/23.
·
£1.3
million - Intermediate Care Fund Grant - adaptations to adult establishments
and facilitate joint working with other agencies in the care field.
·
£1.1
million - Free School Meals Capital Grant - approve replacing current funding
to be spent in 22/23 on school kitchen modifications.
The Senior
Finance Manager added that there was an obvious impact on grants with a high
number of grants slipping, and it was highlighted that this affected Council
funds.
Observations
arising from the discussion
¾
It
was explained that this report was technical and there were robust plans for
the plans that had slipped. It was expressed that the Council's Assets Plan
would be submitted soon and it would note how much capital funding would be
available to spend in the coming years.
¾ Dissatisfaction
was expressed with grants arriving late in the year, emphasising that it was
difficult to plan for the long term and ensure a balanced budget.
Awdur: Ffion Madog Evans