Decision Maker: Co-operative Executive
Decision status: For Determination
Is Key decision?: Yes
This report provides details of the additions and variations to the Capital Programme for approval by Cabinet in the months when there is no Financial Monitoring Report (including authorisation of procurement strategies and the acceptance of grant funding as appropriate).
9.1 |
The Executive Director, Resources submitted a report providing details of proposed changes to the Capital Programme as brought forward in Month 12 2017/18 and budget adjustments required as part of the year end close down process. |
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9.2 |
RESOLVED: That Cabinet:- |
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(a) |
approves the proposed additions and variations to the Capital Programme listed in Appendix 1 of the report, including the procurement strategies and delegates authority to the Director of Finance and Commercial Services or nominated Officer, as appropriate, to award the necessary contracts; |
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(b) |
authorises grants to be provided to third parties as detailed in Appendix 2 of the report; |
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(c) |
authorises the acceptance of the grants as detailed in Appendix 2a of the report; and |
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(d) |
approves the budget adjustments required as part of the financial year end close down procedure as detailed in Appendix 3 of the report - Slippage of expenditure from 17-18 to 18/19 £27.2m - Accelerated expenditure from 18/19 to 17/18 of £5.6m - Overspends – net additions to the programme £1.4m - Underspends - £3.7m. |
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9.3 |
Reasons for Decision |
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9.3.1 |
The proposed changes to the Capital Programme will improve the services to the people of Sheffield. |
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9.3.2 |
To formally record changes to the Capital Programme and gain Member approval for changes in line with Financial Regulations and to reset the Capital Programme in line with latest information. |
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9.3.3 |
Obtain the relevant delegations to allow projects to proceed. |
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9.4 |
Alternatives Considered and Rejected |
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9.4.1 |
A number of alternative courses of action are considered as part of the process undertaken by Officers before decisions are recommended to Members. The recommendations made to Members represent what Officers believe to be the best options available to the Council, in line with Council priorities, given the constraints on funding and the use to which funding is put within the Revenue Budget and the Capital Programme. |
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9.5 |
Any Interest Declared or Dispensation Granted |
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None |
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9.6 |
Reason for Exemption if Public/Press Excluded During Consideration |
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None |
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9.7 |
Respective Director Responsible for Implementation |
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Eugene Walker, Executive Director, Resources |
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9.8 |
Relevant Scrutiny and Policy Development Committee If Decision Called In |
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Overview and Scrutiny Management Committee |
Report author: Damian Watkinson
Publication date: 25/05/2018
Date of decision: 23/05/2018
Decided at meeting: 23/05/2018 - Co-operative Executive
Effective from: 01/06/2018
Accompanying Documents: