Issue - meetings

To submit the report of the Director of Function (Resources)/Section 151 Officer.

It was resolved –

·        To note the progress of expenditure and receipts against the 2019/20 capital budget at Quarter 1.

·        To approve the reallocation of £200k match funding from the Red Wharf Bay Flood Alleviation Scheme to the Beaumaris Flood Alleviation Scheme.

The report of the Director of Function (Resources)/Section 151 Officer setting out the performance of the Capital Budget for the first quarter of the 2019/20 financial year was presented for the Executive’s consideration.

The Portfolio Member for Finance reported that actual expenditure to 30 June 2019 was £3.076m against profiled expenditure of £4.623m. The majority of projects are on target to be completed within budget. Highlighting the Beaumaris Flood Alleviation Scheme, the Portfolio Member said that the new contractor on the scheme (appointed to replace the failed contractor, Dawnus) has submitted a revised tender on the new works information. This figure was included in a new bid to Welsh Government to cover all new costs and costs associated with Dawnus going into administration. Although this has been approved, the Council’s match funding commitment has increased by £0.222m. Due to the increased costs of the scheme the Executive is asked to reallocate £200k of match funding from the Red Wharf Bay Flood Defence Scheme to the Beaumaris Flood Alleviation Scheme as the Council is not in a position to move ahead with the Red Wharf Bay scheme within the current financial year. The additional £0.222m will be funded by the service from existing budgets.

It was resolved –

•           To note the progress of expenditure and receipts against the 2019/20 capital budget at Quarter 1.

•           To approve the reallocation of £200k match funding from the Red Wharf Bay Flood Alleviation Scheme to the Beaumaris Flood Alleviation Scheme.