Agenda item

The Cabinet Member with the Efficiency and Resources Portfolio introduced the report of the Managing Director and the Director of Economic Growth and Neighbourhood Services (previously circulated) providing Members with 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 the projected outturn of the current Capital Programme was £130.989M against an approved programme of £131.295M; the investment was delivering a wide range of improvements to the Council’s assets and Council services; the programme, including commitments, remained affordable within the Medium Term Financial Plan (MTFP); the Council had a substantial annual construction programme of work, with 31 live projects currently being managed by the Council with an overall project outturn value of £70.055M; the majority of the projects were running to time, cost and quality expectations; and that the projects were either managed 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 appendix to 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 approved.

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.