Decision details

To consider the summary of the spending officers’ review of the Capital Budget and its impact on the Capital Programme.

The Resources Portfolio Holder and the Corporate Director Resources submitted a report for Cabinet to consider the review of the 2021/22 Capital Programme and progress of schemes for the five month period, covering April 2021 through August 2021, undertaken by spending officers, noting amendments to the Capital Programme since it was last reported to Cabinet and the financial impact over the term of the Programme, through to the end of 2025/26.

Decisions

Cabint approved the 2021/22 Capital Programme and its funding, totalling £16,095,805, noting the following specific amendments:

·         £321,837 additional expenditure on Disabled Facilities Grants in 2021/22, following an additional funding contribution of £246,837 from the Department for Levelling Up, Housing and Communities and £75,000 from Regenda,

·         £23,410 expenditure on Cell Eleven Monitoring for Year 1 of a 5 year programme with funding from the Environment Agency via Sefton Council.

·         £14,500 additional expenditure on Fleetwood Market to be funded from the Capital Investment Reserve - specific funding had been allocated to the reserve in 2020/21.

Cabinet approved the Capital Programme over the term through to the end of 2025/26 totalling £64,507,227 and noted the progress of, and expenditure incurred on, capital schemes for the first five months of the 2021/22 financial year.