Decision details

QTR. 2 FINANCE POSITION STATEMENT FOR 2019-20

Decision Maker: Executive

Decision status: Recommendations approved

Is Key decision?: No

Is subject to call in?: No

Decision:

Resolved –

 

(1)       That the contents of this report and the actions taken to   manage         the forecast overspend be noted.

 

(2)       That the  following capital expenditure schemes be approved:

 

           £0.04m for the completion of drainage works at Dow Park            Water Activities Centre, to be funded from the general   contingency budget.

           £0.46m to replace the pool tank at Ilkley Lido. This will be             funded by a mixture of general contingency and as an invest to        save scheme with the additional income funding the capital            spend.

           £1.2m of additional funding to complete Adults Residential          and Extra Care Schemes . This will be funded by a mixture of       Service Prudential borrowing and additional grant.

           £1.75m for the completion of the Affordable Housing         Programme 2015-18. The additional spend will be funded by       Service Prudential borrowing from rental income. 

           £0.3m to extend the fitness facilities at Shipley Pool. This             will be funded by the additional income generated through increased membership.

           £0.05m to replace and repair the roof on a property that the         Council leases. The works would be funded from the general        contingency line of the Capital Investment Programme. 

           £1.4m to relocate the Schools Meals Central Production   Unit to a        smaller more efficient property. The works to the          Council         property will be funded by a mixture of capital receipt, revenue         contributions and corporate funding.

           £2.1m for the 2019-20 IT capital programme. It will be funded from         revenue resources.

 

ACTION: Director of Finance

 

Overview and Scrutiny Committee: Corporate

 

(Andrew Cross - 01274 436823)

 

Publication date: 06/11/2019

Date of decision: 05/11/2019

Decided at meeting: 05/11/2019 - Executive

Accompanying Documents: