Issue - meetings

This report sets out the capital programme outturn position, including any under or overspends, overall funding of the programme and an update as to the impact on future years of the programme.

RESOLVED:        That  Cabinet agree to:

(i)           Note the 2012/13 capital outturn position of £46.476m and approve the requests for slippage totalling £10.457m from the 2012/13 programme to future years.

(ii)          Note the outturn position of the Economic Infrastructure Fund in 2012/13 and revisions to the profile of the £28.5m as set out in Annex B of the report.

(iii)        Approve the revised Economic Infrastructure Fund profile set out at Annex B of the report.

REASON:           To allow the continued effective financial management of the capital programme from 2013/14 to 2017/18.

[See also Part B minute]

Consideration was given to a report which set out the capital programme outturn position, including any under or overspends details of the overall funding of the programme together with an update on the impact of this on future years.

An outturn of £46.476m was reported compared to the approved budget of £57.281m, financed by £21.227m of external funding and internal funding of £36.054, a variation of £10.805m, of which £10.4457m had been reprofiled to future years. Details of the variances for individual departments along with requests for reprofiling were set out atTable 1 and paragraphs 8 to 31 of the report.

Information was provided on the Economic Infrastructure Fund with an overall value of £28.5 covering a 5 year period with schemes committed to a value of £17.663m, detailed at Annex B.

Updates on the 2013/14-2017/18 Capital Programme were reported at Table 2 and Annex A, with further details at paragraphs 39 to 43 and the projected Capital Programme financing for this period reported at Table 4. With close monitoring of the overall funding position being undertaken by the Director of Customer and Business Support Services and any issues being reported to Cabinet.

The Cabinet Member referred to the reprofiling of funds, owing to delays in DfT approval for the Access York scheme. The West Offices development was however still expected to be under spent and on time a significant achievement.

Following further discussion it was

RESOLVED:        That  Cabinet agree to:

(i)           Note the 2012/13 capital outturn position of £46.476m and approve the requests for slippage totalling £10.457m from the 2012/13 programme to future years.

(ii)          Note the outturn position of the Economic Infrastructure Fund in 2012/13 and revisions to the profile of the £28.5m as set out in Annex B of the report.

(iii)        Approve the revised Economic Infrastructure Fund profile set out at Annex B of the report.

REASON:           To allow the continued effective financial management of the capital programme from 2013/14 to 2017/18.