Agenda item

Project Position Statement and Capital Programme Monitoring - Quarter 3 2018/19

Report of the Director of Economic Growth and Neighbourhood Services


The Leader and the Cabinet Member with the Efficiency and Resources Portfolio introduced the report of the Managing Director and Director of Economic Growth and Neighbourhood Services (previously circulated) providing a summary of the latest Capital resource and commitment position, to inform monitoring of the affordability and funding of the Council’s capital programme; an update on the current status of all construction projects currently being undertaken by the Council; and requesting that consideration be given to a number of changes to the programme.


The submitted report stated that the projected outturn of the Capital Programme was £186.368m against an approved programme of £186.385m; the investment was delivering a wide range of improvements to the Council’s assets and services; the programme remained affordable within the Medium Term Financial Plan (MTFP) for 2018/19 to 2021/22; there were 29 live projects currently being managed by the Council with an overall value of £69.819m; the majority of those projects were running to time, cost and quality expectations with no foreseeable issues; and that the projects were managed either by the Council’s in-house management team, a Framework Partner or by Consultants sourced via an open/OJEU tender process.


RESOLVED – (a) That the status position on construction projects, as detailed in the submitted report, be noted.


(b) That the projected capital expenditure and resources, as detailed in the submitted report, be noted.


(c) That the adjustments to resources, as detailed in paragraph 19 of the submitted report, be noted.


REASONS – (a) To inform Cabinet of the current status of construction projects.


(b) To make Cabinet aware of the latest financial position of the Council.


(c) To maintain effective management of resources. 


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