Issue - meetings

This report informs Members of the likely out-turn position of the 2008/09 Capital Programme, advises of changes to existing schemes and reprofiling of expenditure to allow the more effective management and monitoring of the Capital Programme, provides details of any slippage in budgets between financial years, and sets out any new schemes and seeks approval for their addition to the 2008/11 Capital Programme.

Advice of the Advisory Panel

That the Executive Member be advised:

(i)           That the capital programme forecast outturn for 2008/09, as shown in Annex A of the report, be noted;

(ii)     That the additions and amendments to the capital programme, as set out in the report and summarised in Annex A, be approved;

(iii)    That the scheme reprofiling and slippage, as set out in the report and summarised in Annex A, be approved;

(iv)    That the revised capital programme, as shown at Annex A of the report, be agreed, subject to the approval of the Executive.

Decision of the Executive Member

RESOLVED:That the advice of the Advisory Panel be accepted and endorsed.

REASON:To enable the effective management and monitoring of the capital programme.

Members received a report which informed them of the likely outturn position of the 2008/09 Capital Programme, advised of changes to existing schemes and reprofiling of expenditure to allow the more effective management and monitoring of the Capital Programme, provided details of any slippage in budgets between financial years, and set out any new schemes and sought approval for their addition to the 2008/11 Capital Programme.

The predicted outturn for 2008/09 was £33.145m, against a current approved budget of £33.217m, which represented a projected underspend of £0.072m.  Table 2, at paragraph 33 of the report, summarised changes to the capital programme for 2008/09 to 2010/11 and Annex A of the report provided a scheme-by-scheme update, detailing predicted variances and the resulting amendments to the capital programme.

Advice of the Advisory Panel

That the Executive Member be advised:

(i)           That the capital programme forecast outturn for 2008/09, as shown in Annex A of the report, be noted;

(ii)     That the additions and amendments to the capital programme, as set out in the report and summarised in Annex A, be approved;¹

(iii)    That the scheme reprofiling and slippage, as set out in the report and summarised in Annex A, be approved;²

(iv)    That the revised capital programme, as shown at Annex A of the report, be agreed, subject to the approval of the Executive.³

Decision of the Executive Member

RESOLVED:That the advice of the Advisory Panel be accepted and endorsed.

REASON:To enable the effective management and monitoring of the capital programme.