Issue - meetings

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

It was resolved –

·        To note the progress of expenditure and receipts against the capital budget 2020/21 at Quarter 1.

·        To approve £49,000 of additional match funding for the Pentraeth Flood Alleviation scheme as per paragraph 3.1.1 of the report. The additional cost is as a direct result of Covid-19 which has increased the contract costs to complete the scheme.

·        To approve £39,000 of additional match funding for the Beaumaris Flood Alleviation scheme, as per paragraph 3.1.1 of the report. The additional cost is as a direct result of Covid-19 which has increased the contract costs to complete the 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 2020/21 financial year was presented for the Executive’s consideration.

The Portfolio Member for Finance reported that actual expenditure to 30 June 2020 was £1.705m against profiled expenditure of £3.315m which should not come as a surprise as lockdown restrictions came into effect during the period meaning that projects could not make progress as planned during this time. In any case a number of capital schemes are weighted towards the latter part of the financial year and the funding earmarked for schemes is secure. The impact of the pandemic can also be seen in additional costs on the Pentraeth and Beaumaris Flood Alleviation schemes requiring £49k and £39k of additional match funding by the Council respectively for which the Executive’s approval is sought.

The Director of Function (Resources)/Section 151 Officer confirmed that  the Council has reserves set aside to help fund its capital programme from which the additional match funding will be drawn. The hope is that all capital projects will make progress against expenditure during the remainder of the year with the exception of the Schools’ Modernisation Programme which has been paused pending a final decision on the configuration of schools in the Llangefni area and where little expenditure is expected, and new build housing development schemes under the HRA budget where despite renewed activity, expenditure is unlikely to recover fully for the rest of the year.

It was resolved –

•           To note the progress of expenditure and receipts against the capital budget 2020/21 at Quarter 1.

•           To approve £49,000 of additional match funding for the Pentraeth Flood Alleviation scheme as per paragraph 3.1.1 of the report. The additional cost is as a direct result of Covid-19 which has increased the contract costs to complete the scheme.

•           To approve £39,000 of additional match funding for the Beaumaris Flood Alleviation scheme, as per paragraph 3.1.1 of the report. The additional cost is as a direct result of Covid-19 which has increased the contract costs to complete the scheme.