Issue - meetings

The Corporate Policy and Resources considered this report at their meeting on 3 June 2024 and made the following recommendation to Council:

That Capital Projects totalling £2,990k are removed from the 2024-25 Estimate Capital Programme.

Council resolved:

1.    Note the £1,608k projected underspend against its Estimated Capital Programme for 2023-24, as at 31 March 2024; and

2.    Agree that Capital Projects totalling £2,990k (as outlined in Appendix C of the report) be removed from the 2024-25 Estimate Capital Programme.

Report to follow.

The Committee considered a report on the 2023-24 Capital Outturn from the Chief Accountant. The Chief Accountant highlighted projected underspend due to projects reaching completion, and two projects had been deferred and would be subject to future reports to the Committee. Other projects would be removed completely.

The Committee noted that a number of projects on the Capital Programme flagged for removal were historic. If the projects were to be revived, they would need approval by the relevant committee to proceed. Other projects were on hold while the Community Lettings Policy was reviewed.

The Chief Accountant acknowledged the underspend in the report relating to Benwell Phase One had been queried by a member of the Committee and those points raised relating to approved budgets and initial proposals for the project were currently being investigated.

The Committee resolved to

1.    Note the £1,608k projected underspend against its Estimated Capital Programme for 2023-24, as at 31 March 2024, and

2.    Recommend to Council that the Capital Projects totalling £2,990k are removed from the 2024-25 Estimate Capital Programme.