Issue - meetings

To consider the report of the Director of Resources providing Members with an update of the financial position for 2011/12 as at September  2011.  The report includes an update of capital resources, a summary of schemes which have been upgraded from ‘Amber’ status to ‘Green’ status since the first quarter report, and provides a summary of progress made on some major schemes.  In addition, the report seeks some specific approvals to allow some schemes to progress.

The Director of Resources submitted a report providing an update on the capital programme position for 2011/12 as at September 2011.  The report included an update of capital resources, a summary of schemes which had been upgraded from ‘Amber’ status to ‘Green’ since the first quarter report, and provided a summary of progress made on some major schemes.  In addition, the report sought specific approvals to allow some schemes to progress. In determining this matter, the Board took into consideration all matters contained within the accompanying report.

RESOLVED –

(a)  That the latest position on the general fund and Housing Revenue Account (HRA) capital programmes be noted.

(b)  That the transfer of schemes from the Amber to the Green programmes, as set out within section 3.4 of the submitted report, be noted.

(c)  That the promotion of £400,000 from the reserved programme to the funded capital programme for works at Kirkgate Market, funded by a release from the capital contingency scheme, be approved.

(d)  That the injection into the capital programme of £738,700, funded by unsupported borrowing, for the demolition of surplus properties be approved.

(e)  That the reallocation of £3,510,000 from the Building Schools for the Future (BSF) programme to the capital contingency scheme, earmarked for Primary Basic Need and Children’s Homes, be approved.

(f)  That the extension in the use of the existing capital programme provision for fire risk works to include asbestos removal works, be approved.

(g)  That the use of resources to develop the Assistive Technology Hub, as outlined within paragraph 3.5.5 of the submitted report, be approved.

(h)  That a release from the capital contingency scheme of £290,000 to re-provide the Millennium Square screen be approved.