9 CAPITAL PROGRAMME 2022/23 - END OF NOVEMBER 2022 REVIEW PDF 454 KB
Cyflwynwyd gan: Cllr. Ioan Thomas
Additional documents:
Decision:
· To accept the report on the end of
November review (30 November 2022 position) of the capital programme.
· To approve the revised financing as
shown in part 4 of the report, namely:
-
an
increase of £30,000 in the use of borrowing,
-
an
increase of £2,947,000 in the use of grants and contributions,
-
an
increase of £101,000 in the use of capital receipts,
-
an
increase of £20,000 in the use of revenue contributions,
-
an
increase of £1,167,000 in the use of renewal and other reserves
Minutes:
The report was submitted
by Cllr Ioan Thomas
DECISION
·
To accept the
report on the end of November review (30 November 2022 position) of the capital
programme.
·
To approve the
revised financing as shown in part 4 of the report, namely:
·
an increase of
£30,000 in the use of borrowing
·
an increase of
£2,947,000 in the use of grants and contributions
·
an increase of
£101,000 in the use of capital receipts
·
an increase of
£20,000 in the use of revenue contributions
·
an increase of
£1,167,000 in the use of renewal and other reserves
DISCUSSION
The report was submitted,
noting that its main purpose was to present the amended capital programme and
to approve the relevant funding sources. It was expressed that the report noted
an analysis per department of the capital programme of £140.6 million for a
three-year period from 2022/23 - 2024/25.
Reference was made to the
sources to fund the net increase, which was approximately £4.3 million since
the last review. It was expressed that the Council had definitive plans
in place to invest around £53 million this year, with £20 million funded
through specific grants.
It was explained that the recent financial impact would continue
on the capital
programme with 40% of the budget having been spent by the end of November this
year, compared to 37% for the same period last year; 31% two years ago and 51% in 2019/20 prior to Covid. It was noted that £28.7m of proposed
expenditure had been re-profiled from 2022/23 to 2023/24 and 2024/25 with the
main schemes including, £11.4 million for Housing Strategy Schemes, £5.5
million on Schools Schemes and £4.1 million Vehicle Renewals.
Attention was drawn to the additional grants the Council had managed to
attract since the previous review which included a £2 million
Sustainable Learning Communities Grant, £0.9 million Additional Learning Needs
Capital Grant and £0.4 million Welsh Government
Grant towards Rural Planning (Improving Access).
Observations arising from the discussion
·
It was noted
that the field was complex, however, the news appeared to be
positive.
Awdur: Ffion Madog Evans