Decision details

Capital Programme Update 2022/23

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

RESOLVED

 

KEY DECISION

 

That the Executive:

 

i)       Approved the following changes to the capital programme:

 

a.     Disabled Facilities Grant – to increase the capital budget available in 2022/23 for associated works and services to £2,561,759 in accordance with the grant award.  An indicative sum of £1.9m was already included in the budget assumptions for 2022/23 and, therefore, this represents an increase of £0.662m.

b.     Kingswood Urban Development - £86,900 increase to the capital budget funded through external contributions.

a.     Housing Stores Project – virement of £162,820 to this scheme – funded from an existing capital budget underspend within the Housing Revenue Account (HRA) capital budget.

b.     Cannock Road Housing Development – virement of £454,000 to this scheme – funded from existing capital budget within the HRA capital budget.

 

ii)      Recommended to Council to approve the additional virement in support of the Cannock Road housing development as the total virement requested for this scheme, including previous transfers, exceeds £0.5m.

 

 

Reasons for Recommendation: these are set out in greater detail within section 5 of the report, but can be summarised as:

 

·         To expand the capital budget available to support disabled facilities within homes.

·         To replace and improve the skate park as part of Kingswood Urban Development.

·         To improve the stores arrangements at Corby and Kettering depots through a new single system designed to hold appropriate stock levels to meet housing repair needs.

·         To improve and expand the housing provision in North Northamptonshire.

 

Alternative Options Considered:

 

·         For external funding (DSG and Kingswood Urban Development) - use of the funding is in line with the agreements, there is no alternative option proposed.

·         By not approving the stores recommendation the Council would not be able to improve productivity in respect of housing repairs.

·         There is not an alternative option for the Cannock Road housing development.  This is an approved scheme that is already in progress.

 

 

 

Publication date: 27/09/2022

Date of decision: 15/09/2022

Decided at meeting: 15/09/2022 - Executive

Effective from: 05/10/2022

Accompanying Documents: