Issue - meetings

Report FSD19046

The Executive considered a report setting out the final outturn on capital expenditure and receipts for 2018/19.  Capital expenditure in the year was £30.9m, compared to the final approved budget of £37.8m, resulting in a total net variation of Cr £6.9m.  For funding purposes, £5.0m slippage was assumed in the Quarter 3 capital programme monitoring report, so there was an overall variation of Cr £1.9m in the use of capital receipts and external and relevant contributions.

In response to a query that had been raised at the Executive, Resources and Contracts PDS Committee in respect of the Housing IT scheme, the Director of Finance reported that the funding related to additional burdens arising from government changes.  The final costs had been higher than the grant the Council received and it was therefore recommended that the funding be used to offset those costs.

The report had been scrutinised by the Executive, Resources and Contracts PDS Committee at its meeting on14th May 2019, and the Committee supported the recommendations.

RESOLVED: That:

(a)  the report be noted;

(b)  the following amendments to the Capital Programme for 2019/20 be approved:

(i)  Increase of £20k to the Housing IT scheme funded from the H-CLIC new burdens grant as detailed in the report;

(ii)  Increase of £671k to the MyTime Investment Fund scheme to reflect the final contribution in 2018/19 as detailed in the repot;

(iii)  Addition of £250k to the Capital Programme for Property Disposals/Feasibility Works as detailed in the report;

(iv)  Increase of £81k to the Orpington Town Centre Scheme as detailed in the report;

(v)  Reduction of £6k to the Transport for London (TfL) funded Traffic and Highways schemes as detailed in the report; and

(vi)  Deletion of the £32k residual balance on the CCTV Control Room scheme as detailed in the report.

(c)   Council be recommended to approve the increase of £2,153k to the Disabled Facilities Grant scheme to reflect the 2019/20 allocation as detailed in the report;

(d)   Council be recommended to approve the increase of £1,321k to the Housing Unallocated PIL scheme as detailed in the report; and

(e)  it be noted that a report elsewhere on the Executive agenda requests the addition of £8.4m to the Capital Programme for the provision of housing at Bushell Way and Anerley Town Hall Overflow Car Park.