Issue - meetings

1.    Accept the report on the end of year review (31 March 2023 position) of the capital programme.

2.    To note the £37,131,000 spend on the capital programme during the 2022/23 financial year, which has been included in the statutory financial statements for 2022/23.

3.    To approve the revised financing as shown in part 4 of the report, namely:

·       £68,000 increase in the use of grants and contributions

·       £30,000 increase in the use of capital receipts
 

·       £701,000 increase in the use of revenue contributions
 

·       £797,000 increase in the use of renewal funds and others

The report was submitted by Cllr Ioan Thomas.

DECISION

1.    To accept the report on the end of year review (31 March 2023 position) of the capital programme.

2.    To note the £37,131,000 spend on the capital programme during the 2022/23 financial year, which has been included in the statutory financial statements for 2022/23.

3.    To approve the revised financing as shown in part 4 of the report, namely:

·       £68,000 increase in the use of grants and contributions

·       £30,000 increase in the use of capital receipts

·       £701,000 increase in the use of revenue contributions

·       £797,000 increase in the use of renewal funds and others

DISCUSSION

It was explained that the main purpose of the report was to present the amended capital programme (31 March 2023 position), and the Cabinet was asked to approve the relevant funding sources. An analysis was shared per Department of the £142.2 million capital programme for the 3 years between 2022/23 - 2024/25.

Details were provided about sources to fund the net increase, which was approximately £1.6 million since the last review.

It was concluded that the Council had managed to spend £37.1 million in 2022/23 on capital schemes, with £17.1 million (46%) of it funded through specific grants. It was noted that the impact of recent financial challenges remained on the capital programme and it was seen that a further £17 million of proposed spending, in addition to the £41 million reported upon in previous reviews, had been re-profiled from 2022/23 to 2023/24.

It was explained that the 2023/24 Capital Programme had been submitted to the Full Council in March as part of the annual Budget. The programme included a number of schemes in the field of Housing, as well as developments in the field of Education such as Bangor Secondary School and Ysgol Treferthyr. In addition to this, capital spending had slipped from 2022/23 to 2023/24 (as outlined in Appendix 3), which included:

·       £11.8 million - Housing Strategy and Homelessness Plans

·       £9.3 million - Schools Schemes (Sustainable Learning Communities and Others)

·       £5.4 million – Vehicle Renewals

·       £5.2 million - Grants and Housing Schemes

·       £3.5 million - Penygroes Health and Care Hub Scheme

It was explained that the Council had managed to receive additional grants since the last review, which included:

·       £2.2 million - 2022/23 School Maintenance Grant

·       £0.3 million - Grants from Welsh Government and the National Trust towards the coastal protection scheme in Porthdinllaen

·       £0.2 million – Flying Start and Childcare Grants from the Welsh Government.

·       £0.2 million - Regional Integration Fund Grant