Issue - meetings

Consideration was given to the report of the Chief Officer Resources.

The Chief Officer Resources provided a detailed overview of the report which outlined each portfolio's actual and forecast capital expenditure against funding approvals as at 30^th September, 2019.

The Chief Officer noted that Welsh Government had awarded 100% funding for the Household Waste Recycling Centre and as a result the Councils own resources were no longer required. Therefore, it is proposed the £520,000 be reallocated to the Capital contingency for allocation.

In addition during 2019/20 the Council had received Welsh Government Economic Stimulus funding of £444,465. It was proposed that this funding be utilised for the Industrial Units Improvement Programme which would release £280,000 of the Council’s own resources to the Capital contingency for allocation at a future date.

The Leader welcomed the additional monies to be reallocated to the Capital contingency fund.

RESOLVED that the report be accepted and Option 1; namely:-

·       the appropriate challenge to the financial outcomes in the report be provided;

·       the appropriate financial control procedures agreed by Council be continued;

·       the budgetary control and monitoring procedures in place to safeguard Authority funding be noted; and

·       the funding proposals in relation to the Industrial Units Improvement Programme and Household Waste Recycling Centre (HWRC) projects be approved.