Issue - meetings

Consideration has been given to the latest position on the 2022/23 Capital Programme and Prudential Indicators at the end of the second quarter to 30 September 2022.

RESOLVED -

(i)

That Council be recommended to approve all variations to the 2022/23 Capital Programme as detailed in Appendix 2.

(ii)

That Council be recommended to approve the financing of the revised programme as set out in the report.

(iii)

That it be confirmed to Council that the capital expenditure and financing requirements have been advised in line with the amended budget and none of the approved Prudential Indicators set for 2022/23 have been breached.

(iv)

That the urgent decision in relation to the Gateshead International Stadium Floodlighting project set out in the report be noted.

(A)

To ensure the optimum use od the Council’s capital resources in 2022/23.

(B)

To accommodate changes to the Council’s in-year capital expenditure plans.

(C)

To ensure performance has been assessed against the approved Prudential Limits.