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Decision details

Month 12 Capital Approvals

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report provides details of the additions and variations to the Capital Programme for approval by Cabinet.

Decision:

9.1

The Executive Director, Resources, submitted a report providing details of proposed changes to the Capital Programme as brought forward in Month 12 2018/19.

 

 

9.2

RESOLVED: That Cabinet:- 

 

 

 

(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; and

 

 

 

 

(b)

approves the budget adjustments required as part of the financial year end close down procedures as detailed in Appendix 2 of the report, and relating to

- Planned Slippage of expenditure of projects in delivery from 2018/19 to 2019/20 - £20m

- Re-profiling of schemes not in delivery from 2018/19 to 2019/20 – £8.5m

- Accelerated expenditure of projects in delivery from 2019/20 to 2018/19 of £5.9m

- Overspends – net additions to the programme of £1m

- Underspends - £1.8m.

 

 

9.3

Reasons for Decision

 

 

9.3.1

The proposed changes to the Capital Programme will improve the services to the people of Sheffield.

 

 

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.

 

 

9.3.3

Obtain the relevant delegations to allow projects to proceed.

 

 

9.4

Alternatives Considered and Rejected

 

 

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.

 

 

9.5

Any Interest Declared or Dispensation Granted

 

 

 

None

 

 

9.6

Reason for Exemption if Public/Press Excluded During Consideration

 

 

 

None

 

 

9.7

Respective Director Responsible for Implementation

 

 

 

Eugene Walker, Executive Director, Resources

 

 

9.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

 

 

 

Overview and Scrutiny Management Committee

 

Report author: Damian Watkinson

Publication date: 30/05/2019

Date of decision: 29/05/2019

Decided at meeting: 29/05/2019 - Cabinet

Effective from: 06/06/2019

Accompanying Documents: