Agenda item

13.1

The report provides details of proposed changes to the Capital Programme as brought forward in Month 12 2020/21 and Month 1 2021/22.

13.2

RESOLVED: That Co-operative Executive:-

(i)             Approve the proposed additions and variations to the Capital Programme listed in Appendix 1 of the report, including the procurement strategies and delegate authority to the Director of Finance and Commercial Services or nominated Officer, as appropriate, to award the necessary contracts;

(ii)            Approve the budget adjustments required as part of the financial year end close down procedure as detailed in Appendix 2 of the report
- Slippage of expenditure of projects in delivery from 20/21 to 21/22 - £21.9m

- Re-profiling of schemes not in delivery from 20/21 to 21/22 – £2.8m

- Accelerated expenditure of projects in delivery from 21/22 to 20/21 of £1.6m

- Overspends – net additions to the programme £1.1m

- Underspends - £3.6m; and

(iii)          Delegate authorisation to The Head of Commercial and Business Development, in consultation with the Director of Legal and Governance to:
- accept the stage 2 Transforming Cities Fund when formal offer received; and subject to receipt of this offer:
- authorise the corresponding budget increase to the project and associated procurement strategies; and
- award any resulting contracts
as detailed at Appendix 3 of the report.

13.3

Reasons for Decision

13.3.1

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

13.3.2

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.

13.3.3

Obtain the relevant delegations to allow projects to proceed.

13.4

Alternatives Considered and Rejected

13.4.1

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.

13.5

Any Interest Declared or Dispensation Granted

None

13.6

Reason for Exemption if Public/Press Excluded During Consideration

None

13.7

Respective Director Responsible for Implementation

Executive Director, Resources

13.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

Overview and Scrutiny Management

13.1

The Executive Director, Resources, submitted a report providing details of proposed changes to the Capital Programme as brought forward in Month 12 2020/21 and Month 1 2021/22.

13.2

RESOLVED: That Co-operative Executive:-

(i)             Approve the proposed additions and variations to the Capital Programme listed in Appendix 1 of the report, including the procurement strategies and delegate authority to the Director of Finance and Commercial Services or nominated Officer, as appropriate, to award the necessary contracts;

(ii)            Approve the budget adjustments required as part of the financial year end close down procedure as detailed in Appendix 2 of the report
- Slippage of expenditure of projects in delivery from 20/21 to 21/22 - £21.9m

- Re-profiling of schemes not in delivery from 20/21 to 21/22 – £2.8m

- Accelerated expenditure of projects in delivery from 21/22 to 20/21 of £1.6m

- Overspends – net additions to the programme £1.1m

- Underspends - £3.6m; and

(iii)          Delegate authorisation to The Head of Commercial and Business Development, in consultation with the Director of Legal and Governance to:
- accept the stage 2 Transforming Cities Fund when formal offer received; and subject to receipt of this offer:
- authorise the corresponding budget increase to the project and associated procurement strategies; and
- award any resulting contracts
as detailed at Appendix 3 of the report.

13.3

Reasons for Decision

13.3.1

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

13.3.2

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.

13.3.3

Obtain the relevant delegations to allow projects to proceed.

13.4

Alternatives Considered and Rejected

13.4.1

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.