Transfer/Re-allocation of Capital Funds from Schools Capital Investment Programme to Corporate Asset Review Projects
Decision Maker: Director of Resources and Assurance
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
To approve the spend of capital funds from Preliminary Works to inform key capital investment need through the county on corporate assets.
a) £303k, is spent on the Corporate Assets Review Projects from the Preliminary Works to inform key capital investment need (as set out in 5 a to c below) throughout the county; and
b) The Strategic Assets Delivery Director is authorised to take all operational decisions to allocate and spend the budget to projects identified under the Corporate Asset Review Programme.
Alternative options considered:
1. Do not spend £303k on the Corporate Asset Review (CAR) projects. This is not recommended as there are works identified under the Corporate Asset Review which need to be undertaken
2. An option is to return the capital underspend. This is not recommended as there are work identified under the Corporate Asset Review which require funding.
Wards Affected: (All Wards);
Contact: Dee Davies, Senior Project Manager Email: Dee.Davies@herefordshire.gov.uk, Michael Griffin, Head of Major Projects Email: Michael.Griffin2@herefordshire.gov.uk, Sarah Jowett, Strategic Assets Delivery Director Email: Sarah.Jowett@herefordshire.gov.uk Tel: 01432 383302.
Publication date: 09/08/2023
Date of decision: 09/08/2023
Effective from: 16/08/2023