Agenda item

The Executive RESOLVED that the additional funds for the cost of the repair and improvements to the Camberley Theatre frontage of up to approximately £75,000, in addition to the £125,000 already allocated be agreed, to be recovered by continuing to charge the restoration levy of £1 per ticket as agreed in November 2019.

The Executive RECOMMENDED to COUNCIL that

(i)            Actual capital expenditure for 2020/21 of £24.162m against a budget of £35.711m be noted;

(ii)          The carry forward budget provision of £10.034 million from 20/21 into 2021/22 be approved;

(iii)         the revised 2021/22 Capital Programme of £11.275 million comprising the £1.241m agreed in February 2021 plus £10.034m carry forwards, be noted;

(iv)         The final capital prudential indicators for 2020/21 be noted; and

(v)          An additional £75k to be added to the 2021/22 capital programme for the Theatre frontage project be approved.

The Executive received a report detailing the capital outturn for 2020/21 and requesting approval for any carry forward of budgets into the 2021/22 Capital Programme. Actual capital expenditure during 2020/21 had been £24.162m.

Members considered a request for an additional £75k for the improvements to the Camberley Theatre frontage, which was in addition to the £125,000 agreed in November 2019, along with the reasons and circumstances for the increase in costs. It was anticipated that the costs of the works would be recovered over the next seven to eight years via the continuation of the £1 per ticket restoration levy.

RESOLVED that the additional funds for the cost of the repair and improvements to the Camberley Theatre frontage of up to approximately £75,000, in addition to the £125,000 already allocated be agreed, to be recovered by continuing to charge the restoration levy of £1 per ticket as agreed in November 2019.

RECOMMENDED to COUNCIL that

(i)        Actual capital expenditure for 2020/21 of £24.162m against a budget of £35.711m be noted;

(ii)      The carry forward budget provision of £10.034 million from 20/21 into 2021/22 be approved;

(iii)     the revised 2021/22 Capital Programme of £11.275 million comprising the £1.241m agreed in February 2021 plus £10.034m carry forwards, be noted;

(iv)     The final capital prudential indicators for 2020/21 be noted; and

(v)      An additional £75k to be added to the 2021/22 capital programme for the Theatre frontage project be approved.