Issue - meetings

To consider the report of the Chief Officer Financial Services setting out the updated capital programme for 2022-2027, split between the General Fund and Housing Revenue Account (HRA), with a forecast of resources available over that period. The report also includes a specific update of the 2022/23 programme and seeks agreement to several injections into the Capital Programme, as detailed.

The Chief Officer Financial Services submitted a report setting out the Council’s updated Capital Programme for 2022-2027, which was split between the General Fund and Housing Revenue Account (HRA), with a forecast of resources available over that period. The report also included a specific update on the 2022/23 programme and sought agreement to several injections into the Capital Programme, as detailed.

Responding to a Member’s enquiry, the Board received details on the proportion of the Capital Programme that was funded via borrowing, and with regard to a related enquiry regarding the impact upon Minimum Revenue Provision (MRP), officers undertook to provide this further information to the Member in question.

In response to a specific enquiry, the Board received clarification and further detail regarding the ‘City Development Public Realm’ entry within the ‘Major Programmes & Other Directorate Schemes’ section of the report.

RESOLVED –

(a)  That the following injections into the Capital Programme, as detailed at Appendix A (iii) to the submitted report, be approved:-

·  £2,000.0k of European Regional Development Fund (ERDF) Grant for the ‘Fitting The Future’ Housing Leeds scheme;

·  £150.0k of additional Transforming Cities Fund (TCF) Grant from WYCA for the Public Bike Hire Scheme; and

·  £100.0k of Department for Education Grant for Sustainable Drainage at two Schools in Otley.

(b)  That it be noted that the above resolution to inject funding of £2,250.0k into the Capital Programme will be implemented by the Chief Officer Financial Services;

(c)  That the latest position on the General Fund and HRA Capital Programme, as at Quarter 1 of 2022/23, as detailed within the submitted report, be noted.