Issue - meetings

This report  informs Members of the likely outturn position of the 2008/09 Capital Programme based on the spend profile and information to October 2008/2009 and seeks approval to any resulting changes to the programme. The report also informs Members of any slippage and seeks approval for the associated funding to be slipped between the relevant financial years to reflect this.

Advice of the Advisory Panel

That the Executive Member be advised to:

(a)       Approve the 2008/09 revised budget of £0.619m as set out in table 2.

(b)       Approve the net slippage of £0.325m into future years.

(c )       Approve an additional £15,000 in respect of the Air Quality grant provided by DEFRA which was approved by the Executive Member for Neighbourhood Services and Advisory Panel on 4 September 2008. The revised Capital Programme would therefore be £634,000

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 Council’s capital programme.

Members received a report informing them of the likely outturn position of the 2008/09 Capital Programme based on the spend profile and information to October 2008/2009 and seeks approval to any resulting changes to the programme. The report also informed Members of any slippage and seeks approval for the associated funding to be slipped between the relevant financial years to reflect this.

In addition to the recommendations listed in the report, the Finance Manager asked Members to approve an additional £15,000 in respect of the Air Quality grant provided by DEFRA which was approved by the Executive Member for Neighbourhood Services and Advisory Panel in September 2008.

Advice of the Advisory Panel

That the Executive Member be advised to:

(a)            Approve the 2008/09 revised budget of £0.619m as set out in table 2.

(b)            Approve the net slippage of £0.325m into future years.

(c )            Approve an additional £15,000 in respect of the Air Quality grant provided by DEFRA which was approved by the Executive Member for Neighbourhood Services and Advisory Panel on 4 September 2008. The revised Capital Programme would therefore be £634,000 ¹

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 Council’s capital programme.