To receive Report No. 105/2022 from the Portfolio Holder for Finance, Governance and Performance, Change and Transformation.

RESOLVED

That Cabinet:

1.    NOTED the capital outturn position as at 31st March 2022.

2.    NOTED the changes to the latest capital programme as at 31st March 2022.

3.    NOTED the unallocated capital funding as at 31st March 2022.

4.    APPROVED the closure of two Affordable Housing capital projects.

Report No. 105/2022 was introduced by Councillor K Payne, Portfolio Holder for Finance, Governance and Performance, Change and Transformation.

It provided Cabinet and all Members with the capital outturn position for 2021/22. The report showed how much the Council had spent in 2021/22 and how the capital programme had been funded. The nature of capital works meant that projects were likely to span more than 1 financial year, any amounts that were unspent would be spent in future years.

The report asked Cabinet to approve the closure of two affordable housing projects, Derwent Drive and Cottesmore Road. They were removed due to issues with planning and private right of access which meant developers stepped out of the project.

It was proposed by Councillor K Payne that the recommendations of report No. 105/2022 be agreed, this was seconded and upon being put to the vote the motion was unanimously agreed

RESOLVED

That Cabinet:

1.    NOTED the capital outturn position as at 31^st March 2022.

2.    NOTED the changes to the latest capital programme as at 31^st March 2022.

3.    NOTED the unallocated capital funding as at 31^st March 2022.

APPROVED the closure of two Affordable Housing capital projects.