Issue - decisions
Capital Programme 2009-10 - Position as at end of January 2010
18/03/2010 - Capital Programme 2009-10 - Position as at end of January 2010
1. Cabinet approved the following scheme to be added to the capital programme for 2009-10.
|
Scheme Reference, Description & Directorate |
Narrative |
2009-10 £ |
Future Years £ |
Funding Source |
|
2009-10/GF074 Capitalisation Directive January 2010
Finance & Support |
Capitalisation directives awarded January 2010 for statutory redundancy costs and pension strain incurred 1 April 2009 to 31 March 2010. |
210,000 |
- |
GF Capital Receipts |
Further details of this appraisal were set out Annex A of the report.
2. Cabinet approved the following variations to schemes in the capital programme for 2009-10.
|
Scheme Reference, Description & Directorate |
Narrative |
2009-10 £ |
Future Years £ |
Funding Source |
|
|
Budget Increase |
|||||
|
2009-10/GF031 V01 One Stop Shop Transformation
Finance & Support |
The original plan for this project did not include co-locating with external partners. An application was submitted to NIEP, which delayed the start of the project in 2009-10. NBC has been awarded £260k towards the cost of co-locating. Additional building works of £150k are required to accommodate the partners, which will take place in 2010-11. This will result in improved service delivery for all partners. There is an overall saving to NBC of £10k (prudential borrowing) |
(185,000) |
335,000 |
NIEP |
|
|
Budget Increase |
|||||
|
2009-10/GF069 V01 Market Square Lighting
Planning & Regeneration |
The original budget for this project did not include WNDC's management fee. The budget needs to be increased by £18,125 to include this fee; additional funding will be received to cover this.
|
18,125 |
- |
WNDC |
|
|
Scheme Reference, Description & Directorate |
Narrative |
2009-10 £ |
Future Years £ |
Funding Source |
|
|
Budget Decrease |
|||||
|
2008-09/GF061 V02 Out of School Hours Play Activities
2008-09/GF062 V01 Holiday Play
2008-09/GF064 V01 Innovative Play Days
2008-09/GF063 V02 Improving Access
Environment & Culture |
The funding for these projects were originally classified as capital, however due to the nature of play and the equipment used in play, The Big Lottery has agreed to reclassify this funding as revenue. The income and expenditure budgets will be moved from the capital programme to the revenue budget. Project variations have been submitted for each scheme, detailing the amount for each project and the split between financial years.
|
(19,466) |
(9,400) |
Big Lottery |
|
|
2009-10/GF061 V01 Capitalisation Directive October 2009
Finance & Support |
The costs to which this project relates are now due to be incurred in Autumn 2010. As the capitalisation directive will have expired by then a new bid will need to be made to CLG in 2010-11. |
(300,000) |
- |
Prudential Borrowing |
|
|
Neutral Budget Impact |
|||||
|
2007-08/PR0010 V02 Hot Property
Housing GF |
Additional budget is required due to the increased demand for this initiative. This will reduce the number of homes in Northampton that are suffering from fuel poverty. |
10,000 |
- |
Prudential Borrowing |
|
|
2007-08/PR0011 V02 Renovation Grants
Housing GF |
The variation is required due to the increased demand for funding under the Hot Property initiative. Transferring funds from this budget will allow Northampton Borough Council to address the most urgent and unmet needs in society. |
(10,000) |
- |
Prudential Borrowing |
|
Further details of these variations were set out in Annex B of the report.
3. Cabinet noted:
a) The capital programme monitoring position as at end of January 2010, including forecast outturns, revenue expenditure funded by capital and slippage into 2010-11, as set out at Annex C, D and E.
b) The funding arrangements for the 2009-10 capital programme as set out at Annex F.
4. Cabinet approved the following scheme:
|
Scheme Reference, Description & Directorate |
Narrative |
2009-10 £ |
Future Years £ |
Funding Source |
|
2009-10/GF073 Play Builder - Racecourse |
Northampton Borough Council, with friends of Northampton Racecourse (FONR), have successfully bid for £49k of Play builder funding. The funding will be used to provide a new adventure play area, aimed at 8 – 13 year olds, on the Racecourse. The need for improved play opportunities throughout the Borough was identified in the NBC Play Strategy. The funding will purchase a variety of new play equipment as identified through local consultation. |
49,000 |
|
Grant DCSF |
Funding Information
· This project is to be funded by a government grant from the Department of Children, Schools and families (DCSF) via Northamptonshire County Council.
· Conditions of the grant are that the funds are fully spent by 31.03.2010. It is essential that works start as soon as possible in order to deliver this project within the specified timescales laid down by the grant conditions. Ongoing maintenance costs will be covered by parks and open spaces and can be contained within the existing budgets.
Follow us on…