Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
The Chief Officer – Finance, Performance and Change presented a report seeking agreement from Cabinet to present a report to Council for approval of a revised capital programme for 2021-22 to 2031-32.
The Chief Officer – Finance, Performance and Change explained that on 23 February 2022, Council approved a capital programme covering the
period 2021-22 to 2031-32 as part of the Medium Term Financial Strategy
(MTFS). A review had been undertaken of available capital resources, taking into consideration uncommitted funding in the capital programme, the anticipated year end revenue position for 2021-22, the position on earmarked reserves and revenue budgets available for 2022-23. As a result of this, a number of new capital schemes had been proposed by
Directorates, which had undergone rigorous review and challenge by
members of Corporate Management Board, before being submitted for
inclusion in the capital programme. This report was only seeking approval for the inclusion of new schemes within the capital programme that was approved by Council in February 2022.
The Chief Officer – Finance, Performance and Change outlined the current situation and the proposed new capital schemes including funding. A revised Capital Programme, incorporating these schemes was included at Appendix A to the report.
The Cabinet Member for Resources stated that as discussed in the previous report, the authority was now in the fortuitous position where almost £10 million pounds could be invested in the County Borough with a number of schemes in education and communities that would benefit from the extra investment.
The Cabinet Member for Communitieswelcomed the massive investment in education and community facilities and in particular, children’s playground facilities taking the total investment to over a million pounds.
The Leader said that he was particularly pleased to see the proposals for the investment in three schools which would enable major expansion and more classrooms allowing more children to attend those schools. Section 106 funding had also been secured totalling almost £1.3 million to support the funding committed to those schemes. There was also critical investment in the telecare project which would allow the analogue network to be switched off and a transfer made to digital to continue to provide a service giving independence to individuals allowing them to stay at home. There was earmarked funding for Penprysg Road so that it could accommodate two-way traffic leading to the eventual closure of Pencoed’s railway level crossing. The infrastructure project required early design work and this funding would allow that to be undertaken.
RESOLVED: Cabinet agreed that the revised Capital Programme
(Appendix A to the report) be submitted to Council for approval.
Publication date: 19/05/2023
Date of decision: 14/06/2022
Decided at meeting: 14/06/2022 - Cabinet