Issue - meetings

This report seeks to update Councillors on the performance of our capital projects against the approved budget, as at 30 June 2022.

The Committee noted the (£8.6m) underspend on capital expenditure against its Capital Programme provision as at 30 June 2022.

There was clarification made in relation to the transposition of the budgets for 91-93 High Street Staines and Tothill Car Park.

It was reported that rising interest rates would lead to some challenging decisions for the Council’s capital projects.  The Committee queried the reporting for some projects, stating that until a building had been commissioned, they were assets not in the purview of service committees.  It was requested that the responsibility for functions be reviewed.

Clarification was sought on what constituted projects that had not progressed, as mentioned in paragraph 7.1 of the officer’s report.  Examples of such projects would be provided outside the meeting.  The impact of delays on some assets related projects on the revenue budget was highlighted.

The Committee noted the (£8.6m) underspend on capital expenditure against its Capital Programme provision as at 30 June 2022.

This report seeks to update Councillors on the performance of our capital projects against the approved budget, as at 30 June 2022.