Decision details

Purpose of report: Provision to Members of the latest forecast of the council's financial and performance position.

Members are asked to: Agree proposed amendments to the capital programme and financial adjustments which are reserved to the Executive.

RESOLVED: (i)         That the 2008/09 revised budget of £60.537m, as set out in the report at paragraph 6 and Table 2, be approved.

                        (ii)        That the net slippage of £20.8m for the Administrative Accommodation project to 2011/12 and future years, net slippage of £1.474m for the rest of the capital programme, and adjustments of -£624k in 2008/09, £804k in 2009/10 and £662k in 2010/11 be approved.

                        (iii)       That the re-stated three-year capital programme for 2008/09-2010/11, as set out in paragraph 35, Table 12 and detailed in Annex A be approved.

                        (iv)       That the capital receipt projections for 2008/09-2010/11, as summarised in Table 13, be noted.

                        (v)        That Council be recommended to approve the funding of the shortfall on the Disabled Facilities Grant (£120k) and retention costs at Acomb Library (£6k) from capital receipts.

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