Cyflwynwyd gan:Cllr. Ioan Thomas
Decision:
To accept the report on the end of year review
(31 March 2020 position) of the capital programme.
To note the £27,667,000 spend on the capital programme
during the 2020/21 financial year, which will be included in the statutory
financial statements for 2020/21.
To approve the revised financing as shown in
part 4 of the report, namely:
¾ £3,000 increase in the use of
borrowing
¾ £10,561,000 increase in the use of
grants and contributions
¾ No change in the use of capital
receipts
¾ £234,000 increase in the use of
revenue contributions
¾ No change in the use of the capital
reserve
¾ £200,000 increase in the use of
renewal funds and others
Minutes:
The report was submitted by Cllr Ioan Thomas.
DECISION
To accept the report
on the end of year review (31 March 2020 position) of the capital programme.
To note the £27,667,000 spend
on the capital programme during the 2020/21 financial year, which will be included
in the statutory financial statements for 2020/21.
To approve the revised
financing as shown in part 4 of the report, namely:
·
£3,000 increase in the use of borrowing
·
£10,561,000
increase in the use of grants and
contributions
·
No change in the use
of capital receipts
·
£234,000
increase in the use of revenue contributions
·
No change in the use
of the capital reserve
·
£200,000
increase in the use of renewal funds and others
DISCUSSION
The report was submitted,
noting that its purpose was to present the revised capital programme and to approve the relevant financing sources. It was noted that the report provided an analysis
per department of the £114.6m capital
programme for the three years between
2020/21 - 2022/23. It was added that
the report detailed the sources to fund the net increase of approximately £11m since the previous review.
It was noted that
the Council had succeeded in spending £27.7m in 2020/21 on capital
programmes, and £18.2m had been funded through
specific grants. It was explained that the impact of Covid-19 and the lockdown could be seen clearly. It was added that £14.1m had been reported upon
in the previous 2020/21 reviews, that a further £19.3m of proposed expenditure had been re-profiled to 2021/22 with the
main schemes including the
£4.5m 21st Century Schools Programme, £3.3m on Vehicle Renewal, £2.2m on Schools Maintenance which arrived in March 2021, with specific right
for Welsh Government to replace current funds and slip them to the subsequent year and £1.7m for the Aberdyfi Quay scheme.
Attention was drawn to additional grants the Council had managed to attract since the previous review, which included £7.2 million from the Local Transport and Safe Routes Fund,
£0.6m Ground-breaking Housing
Grant to assist with reducing homelessness and £0.5m Intermediate Care Fund Grant.
The Head of Finance Department noted that the report involved capital schemes. It was added that the performance monitoring procedure would restart imminently
and that capital scheme monitoring would be incorporated in this procedure as well.
Observations arising
from the discussion
¾
It was noted that it was astounding that the Council would spend
£64m on capital schemes over the coming year to invest in the future
of the county. Staff were thanked for ensuring
that schemes were in place
ready for when opportunities arose, and to be so willing to make
use of late grants.
¾
Attention was drawn to
some of the schemes behind the figures, specifically the circular economy schemes which highlight the substantial shift from how to deal
with waste in a different way and ensuring
that resources are re-used and
kept in use
within communities.
Awdur:Ffion Madog Evans
Supporting documents: