Agenda item

9.1

The Finance Manager submitted a report that provided details of proposed changes to the existing Capital Programme as brought forward in Month 4 2023/24.

9.2

Officers agreed to provide Members with further information on projects coming forward to increase the number of Integrated Resource placements across the city.

9.3

RESOLVED UNANIMOUSLY: That Finance Committee:-

(i)         approves the proposed additions and variations to the Capital Programme listed in Appendix 1;

(ii)        approves in principle the award of grant funding as identified in Appendix 2 and delegates approval of the grant award to the Director of Regeneration and Development. Such approval (and entry into the agreement) is to be subject to the prior completion of a subsidy control principles assessment to demonstrate to the reasonable satisfaction of the Director of Regeneration and Development that the above grant award is consistent with the subsidy control principles; and

(iii)      approves the acceptance of grant funding as identified in Appendix 3.

9.4

Reasons for Decision

9.4.1

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

9.4.2

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.

9.5

Alternatives Considered and Rejected

9.5.1

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.