Issue - meetings

The Cabinet Member for Finance, Education, and Skills along with the Corporate Director of Finance and Assets submitted a joint report presenting the third quarter monitoring position for the Council’s capital programme and some proposed changes to the programme.

Councillor Holland introduced the report as tabled and, in response to a question from Councillor Ford, confirmed that the Council had signed the agreement to receive government funding for the M4 Junction 15 works. Councillor Penny responded to a question from Councillor Williams confirming that while work on Mead Way had continued, it was taking longer in order to permit social distancing to protect the workers, therefore the anticipated underspend would be less than was forecast.

Resolved – (1) That the forecast capital expenditure set out in Table 1 & 2  of the main report and Appendices 1 and 2 be noted;

(2) That the variances detailed at paragraph 3.2 be noted;

(3) That the changes detailed at paragraph 3.3 be approved; and

(4) That the new reporting requirements regarding the 2019-20 Community Infrastructure Levy (CIL) publishing requirements detailed at paragraph 3.4 of the main report and the contents of Appendix 3 be noted.

The reasons for the decision and alternative options are as set out in the report to the meeting.