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 (Section 151 Officer) submitted a report asking Cabinet to consider the review of the 2022/23 Capital Programme and progress of schemes for the five month period covering the period from April 2022 to 31 August 2022, 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 2026/27.

Decisions

1.    Cabinet agreed that the 2022/23 Capital Programme, and its funding, totalling £14,922,641 be approved, noting the following specific amendments:

Additional external funding received:

• Additional £75,000 funding from Regenda Housing Association, which will enable increased expenditure on Disabled Facilities Grants in 2022/23.

Multi-year scheme re-profiling:

• Wyre Beach Management – following project delays, the expenditure for the scheme has been re-profiled. There has been no change to the overall allocation of £42,566,934 from the Environment Agency. Delays have led to a reduction in expenditure in 2022/23 amounting to £3,324,754, which will now move to future years.

• Innovative Resilience Fund ECO-CoBS project - additional expenditure of £422,000 in 2022/23, as part of the full project spend of £6,830,000, with funding received from the Environment Agency and DEFRA. The total project expenditure, completing in 2026/27, is based on initial scheme allocations and may be subject to change

Portfolio Holder approval:

• £1,102,829 expenditure on heat decarbonisation works and energy efficiency measures at Fleetwood Market, funding from the Department for Business Energy and Industrial Strategy (BEIS) via the Public Sector Decarbonisation Scheme and Capital Receipts (Portfolio Holder decision 02/03/22).

• £53,340 expenditure on Copse Road Depot VMU Roller Shutter doors to be funded from Capital Receipts (Portfolio Holder decision 31/03/22).

• £65,304 expenditure on Changing Places facilities at Central Car Park at Fleetwood, funding from the Department for Levelling Up, Housing and Communities, contribution from Fleetwood Town Council and Capital Receipts (Portfolio Holder decision 26/05/22).

• £23,118 expenditure on Thornton-Cleveleys Duck Pond Shelter, funded from the Insurance Reserve and a £6,156 contribution from our insurers. (Portfolio Holder decision 18/08/22).

2.    Cabinet approved the Capital Programme over the term through to the end of 2026/27 totalling £67,384,731.

3.    Cabinet noted the progress of, and expenditure incurred on, capital schemes for the first five months of the 2022/23 financial year.