Issue - meetings

RESOLVED

KEY DECISION

That the Executive:

a.    Noted the draft capital outturn position for the General Fund (GF) Capital Programme and Housing Revenue Account (HRA) Capital Programme for 2022/23.

b.    Noted the new schemes that have been approved since 1^st April 2022.

Reason for Recommendations: This is in line with the Council’s constitution and financial regulations in relation to governance.

Alternative Options Considered: By not approving these recommendations there would be an adverse impact on service provision in North Northamptonshire.

The Chair invited Cllr Lyn Buckingham to address the meeting. Cllr Buckingham stated that she would like to see better reporting regarding the Housing Revenue Account in relation to rent arrears and void management.

The Chair then invited Cllr Lloyd Bunday, Executive Member for Finance and Transformation to introduce a report that set out the provisional capital outturn position for 2022/23 as at Period 3, including requests to rephase scheme expenditure profiles. The report also detailed the latest capital budgets for the General Fund and the Housing Revenue Account (HRA) Capital Programme, including new schemes approved since 1^st April 2022.

Cllr Bunday reported that forthcoming capital challenge sessions would be beneficial in reviewing proposed capital schemes, noting that certain schemes inherited from legacy authorities may no longer be deliverable or desirable.

It was heard that the outturn for 2022/23 in respect of the General Fund Capital Programme showed a revised capital budget position of £91.4m, including slippage and in-year approved programmes. The outturn showed a spend of £49.4m, an underspend or slippage of £42m against the budget. In relation to the Housing Revenue Account Capital Programme, the outturn showed a spend of £11.6m, an underspend of £17.2m compared to budget, which would be reviewed and re-profiled considering the latest position.

RESOLVED

KEY DECISION

That the Executive:

a.    Noted the draft capital outturn position for the General Fund (GF) Capital Programme and Housing Revenue Account (HRA) Capital Programme for 2022/23.

b.    Noted the new schemes that have been approved since 1^st April 2022.

Reason for Recommendations: This is in line with the Council’s constitution and financial regulations in relation to governance.

Alternative Options Considered: By not approving these recommendations there would be an adverse impact on service provision in North Northamptonshire.