The Chief Officer Finance, Performance and Change presented a report which sought approval from Council for a revised capital programme for 2021-22 to 2031-32 (Appendix A).

She explained that the Local Authorities (Capital Finance and Accounting) (Wales) Regulations 2003 as amended, contained detailed provisions for the capital finance and accounting controls, including the rules on the use of capital receipts and what is to be treated as capital expenditure. The Council’s Capital Strategy, incorporating the Prudential Indicators for 2022-23, was approved by Council on 23 February 2022. On this date, Council also approved a capital programme covering the period 2021-22 to 2031-32 as part of the Medium-Term Financial Strategy (MTFS). Since then, a review has 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. Further background was at section 3 of the report.

The Chief Officer Finance, Performance and Change explained that the capital programme approved by Council in February 2022 for the period 2021-22 to 2031-32 totalled £230.174 million, of which £123.542 million is to be met from Bridgend County Borough Council (BCBC) resources, including capital receipts and revenue contributions from earmarked reserves, with the remaining £106.632 million coming from external resources, including General Capital Grant. A number of proposals for new capital schemes have been received, and these have been considered and prioritised by Cabinet and Corporate Management Board, in line with the Council’s Capital Strategy.

The Chief Officer Finance, Performance and Change outlined the proposed new capital schemes as well as the funding of new capital schemes as indicated in Table 1 and Table 2 of the report. Some key areas were highlighted below:

• Telecare Transformation Project (£1,405,209)
• Cardiff Capital Region Metro Plus – Penprysg Road Bridge (£500,000)
• Community Asset Transfer (£500,000)
• Children’s Playground Refurbishment (£500,000)
• Cosy Corner (£500,000)
• Highways Carriageway & Footway Refurbishment (£1,500,000)
• Unadopted Roads (£500,000)

Further details on these were at section 4 of the report.

The Cabinet Member Resources welcomed the report and stated the additions to the capital programme mentioned in Table one were exciting opportunities that were much needed. He added that some of these items were for known schemes whilst a number of them will require further reporting to cabinet and council.

A Member eluded to the figure in the report relating to outgoings to the Cardiff Capital Region City Deal totalling £7.7 million. He asked that some clarification be provided on what the money would be used for. He also asked if after 2025 the payments to the CCRCD would end, as there was no further reference of figures beyond this date.

The Chief Officer Finance, Performance and Change explained that the £7.7 million was total spend in regards to schemes paid into or supported by the CCRCD, not total money paid in. She added that she did not have the figures on what had been paid in to date but could gather than information  ...  view the full minutes text for item 25