Agenda item

To consider the report of the Chief Officer Financial Services which sets out the updated capital programme for 2022-2027, split between the General Fund and HRA, with a forecast of resources available over that period. A specific update of the 2022/23 programme is also provided.

The Chief Officer Financial Services submitted a report presenting the updated Capital Programme for the period 2022-2027, which was split between the General Fund and Housing Revenue Account (HRA) and which also provided a forecast of resources available over that period. In addition, the report provided a specific update on the 2022/23 programme, and which sought a number of related decisions from the Board, as recommended in the report.

The Executive Member for Resources introduced the report noting the injections into the Capital Programme which were being proposed, highlighting the additional Capital Receipts Incentive Scheme (CRIS) allocations to Wards and Community Committees, proposing spending priorities for the investment of the Community Infrastructure Levy (CIL) Strategic Fund and which looked to insert Hunslet Hall into the Capital Receipt Programme for disposal in the current financial year.

Responding to Members’ enquiries, the Board received an update on the West Yorkshire Combined Authority (WYCA) review of schemes within the West Yorkshire Transport Fund which was being undertaken in response to the significant inflationary pressures being experienced. With regard to the relevant decision making processes, it was noted that such matters were scheduled to be considered by the meeting of WYCA on the 8^th December, at which point, if agreed by WYCA, they would be reflected, as appropriate, in the Council’s Capital Programme budget proposals moving forward. Responding to Members’ comments regarding the involvement of the Council in such matters and the timing of such involvement, further details were provided. 

RESOLVED –

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

·  £4,710.0k of West Yorkshire Combined Authority Grant for the Active Travel Tranche 3 Programme;

·  £2,844.1k of Disabled Facilities Grant in line with the announced 22/23 Grant allocation;

·  £881.0k of Government and European Grant Funding, Private Sector (GF) and Major Repairs Reserve (HRA) contributions for the Holbeck Group Repair Phase 2 scheme;

·  £568.0k of Transforming Cities Fund (TCF) Grant and Network Rail contribution for the Leeds Station Sustainable Travel Gateway scheme;

·  £392.0k of ringfenced capital receipts to the Future Ways of Working (FWoW) Programme based on the actual value of realised capital receipts; and

·  £214.1k of other contributions to Highways schemes.

(b)  That it be noted that the above resolutions to inject funding of £9,609.2k 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 2 of 2022/23, as detailed within the submitted report, be noted;

(d)  That the additional Capital Receipts Incentive Scheme (CRIS) allocations to Wards and Community Committees for the period: April 2022 to September 2022 of £54.9k, be noted;

(e)  That the following spending priority for the investment of the Community Infrastructure Levy (CIL) Strategic Fund be agreed: for any successful Levelling Up Fund bids, the Leeds Flood Alleviation Scheme Phase 2, the City Square Enhancements Scheme and the David Oluwale Bridge Scheme;

(f)  That agreement be given to insert Hunslet Hall into the Capital Receipt Programme for disposal in the current financial year, which will be implemented by the Director of City Development.