Issue - meetings

This report presents the likely outturn position of the 2009/10 Capital Programme based on the spend profile and information to mid January 2010, and seeks approval for changes to the programme and slippage of funding, where required.

[See also under Part B Minutes]

RESOLVED: (i)         That the 2009/10 revised budget of £62.956m, as set out in paragraph 5 of the report and Table 2, be noted.

                        (ii)        That the slippage of £4.528m from 2009/10 to 2010/11 be noted.

                        (iii)       That the use of £128 from the contingency fund in respect of the Peaseholme Improvements works be approved.

                        (iv)       That the re-stated capital programme for 2009/10 to 2013/14, as set out in paragraph 43, Table 13, and detailed in Annex A, be noted.

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

[See also under Part B Minutes]

Members considered a report which presented the likely out-turn position of the 2009/10 Capital Programme, based upon information up to mid January 2010, and sought approval for changes to the programme and slippage of funding where required.

The current approved programme, taking into account amendments reported in Monitors 1 and 2, amounted to £67.379m, financed by £35.737m of external funding and £31.642m of internal funding.  Against this an out-turn of £62.927m was predicted, representing a net decrease of £4.423m made up of:

• Adjustments to schemes, increasing expenditure by £0.105m
• The re-profiling of budgets from 2009/10 to future years of £4.528m.

Variances reported against each portfolio area were set out in Table 2 at paragraph 5 of the report.

Key outcomes of the programme, and progress to date on major schemes, were detailed in paragraph 7 of the report.  Key exceptions and implications on the programme were summarised in paragraphs 9 to 33.  Approval was sought to use £128k from contingency to part fund the expenditure incurred in relation to the Peaseholme Improvements works, as detailed in paragraphs 35-36.

RESOLVED: (i)         That the 2009/10 revised budget of £62.956m, as set out in paragraph 5 of the report and Table 2, be noted.

                        (ii)        That the slippage of £4.528m from 2009/10 to 2010/11 be noted.

                        (iii)       That the use of £128 from the contingency fund in respect of the Peaseholme Improvements works be approved.¹

                        (iv)       That the re-stated capital programme for 2009/10 to 2013/14, as set out in paragraph 43, Table 13, and detailed in Annex A, be noted.

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