Issue - meetings

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

It was resolved:

·        To note the progress of expenditure and receipts against the capital budget.

·        To approve the change in capital project for the waste management scheme, to purchase a new telehandler and Weighbridge.

The report of the Head of Function (Resources) and Section 151 Officer setting out the financial performance of the Capital Budget for the first quarter of the 2016/17 financial year was presented for the Executive’s consideration.

The Portfolio Member for Finance reported that the report provides a fair reflection of the capital budget position at the end of Quarter 1 and additionally, it highlights a change in the capital scheme in relation to waste management for which the Executive’s approval is sought.

Councillor R. Meirion Jones, Chair of the Corporate Scrutiny Committee said that the Committee in considering the Quarter 1 capital budget monitoring report at its meeting on 12 September had noted the risks attached to the capital grant schemes outlined in the report and had also raised the possibility of sourcing a new Telehandler for the Waste Management section by means other than purchasing a new machine e.g. by leasing. The Committee had noted further that it would be prudent for the Authority to be aware of when its various assets are coming to the end of their working life so that it can plan accordingly.

The Head of Highways, Waste and Property confirmed that the telehandler has completed several thousand hours of service and that the costs of maintaining the machine and of hiring another when the telehandler has been out of action have now become excessive. The Chair also confirmed that a schedule of the Council’s assets and when they are likely to require renewing has been requested.

It was resolved –

•  To note the progress of expenditure and receipts against the capital budget.

•  To approve the change in capital project for the waste management scheme, to purchase a new telehandler and Weighbridge.