Issue - meetings

This report sets out the projected capital programme outturn position for 2013-14, including any under/over spends and adjustments, along with requests to re-profile budgets to/from current and future years.

Resolved:  That Cabinet:

·        Note the 2013/14 revised budget of £60.914m as set out in paragraph 5 and Table 1 of the report.

·        Note the restated capital programme for 2013/14 – 2017/18, totalling £205.482m as set out in paragraph 41, Table 2 and detailed in Annex A.

·        Approve the use of £66k of contingency to fund the York Explore Roof Replacement and note the use of contingency set out in paragraph 38.

Reason:     To enable the effective management and monitoring of the Council’s capital programme.

[See also Part B minute]

Consideration was given to a report which set out the projected capital programme outturn position for 2013/14, including any under/overspends and adjustments and requests for re-profiling of budgets.

With the 2013/14 capital programme budget at £72.573k, this monitor had shown a decrease of £11.659m resulting in a revised capital programme of £60.914m. The net decrease being made up of a reprofiling of schemes of £12.136m to 2014/15 and an increase of budgeted schemes at £477k. The variances against each profile area and a summary of the exceptions and implications on the programme were reported at Table 1, paragraphs 7 to 38 and at Annex A. It was also noted that reprofiling requests had been made for two Economic Infrastructure Fund schemes, Access to York and the Better Bus Fund to 2014/15. Details of the revised 5 year capital programme were summarised at Table 2 and information on the Capital Programme financing to 2017/18 at Table 3.

Resolved:  That Cabinet:

·        Note the 2013/14 revised budget of £60.914m as set out in paragraph 5 and Table 1 of the report.

·        Note the restated capital programme for 2013/14 – 2017/18, totalling £205.482m as set out in paragraph 41, Table 2 and detailed in Annex A.

·        Approve the use of £66k of contingency to fund the York Explore Roof Replacement and note the use of contingency set out in paragraph 38. ^1.

Reason:     To enable the effective management and monitoring of the Council’s capital programme.