Decision details

Purpose of report: To present the projected outturn position of the 2010/11 Capital Programme and updated budget position for 2011/12 -2014/15 following the monitor amendments.

Members are asked to: Note the monitoring position and the funding of the capital programme and recommend to Council the requests for slippage and adjustments where appropriate.

[See also under Part B Minutes]

RESOLVED: (i)         That the 2010/11 revised budget of £64.802m, as set out in paragraph 6 and Table 2, be noted.

                        (ii)        That the re-stated capital programme for 2010/11-2014/15, as set out in paragraph 14 and Table 13, and detailed in Annex A, be noted.

                        (iii)       That the use of an additional £124k of Prudential Borrowing for the funding of Self Issue Library machines which will generate future savings, as detailed in paragraph 24, be approved.

                        (iv)       That the underspend of £28k on the special bridge maintenance scheme, which has been transferred to a winter resilience approved in accordance with financial regulations by the Director of Customer & Business Support Services, as detailed in paragraph 30, be noted.

                        (v)        That the use of capital contingency to the value of £40k, to enable work on the James Street Travellers’ Site Flood Defence to progress, be approved.

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