Issue - meetings

Capital Outturn Report 2023-2024

Meeting: 03/06/2024 - Corporate Policy and Resources Committee (Item 66)

66 Capital Outturn Report 2023-2024 pdf icon PDF 853 KB

Report to follow.

Additional documents:

Minutes:

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.