Issue - meetings

This report sets out the likely outturn position of Council’s 2008/09 Capital Programme, based on the spend profile and information to November 2008, and seeks approval for certain adjustments to the programme.

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.

Members considered a report which presented the likely out-turn position of the Council’s 2008/09 Capital Programme, based upon information to November 2008, and sought approval for certain adjustments to the programme.

The current approved programme amounted to £63.93m, financed by £45.854m of external funding, leaving a cost to the Council of £18.085m.  The predicted out-turn against this programme was £60.537m, representing a net decrease of £3.393m, comprising adjustments to schemes and the re-profiling of budgets (including the Administration Accommodation Scheme) to future years.  Details of the variances in each portfolio area were set out in Table 2, at paragraph 6 of the report.  There had been £31.432m capital spend up to the end of November 2008, representing 49% of the approved budget.  This compared to 44% at the same time last year.

Paragraphs 10 to 34 of the report summarised key exceptions and implications on the programme in each portfolio area, as reported to Executive Member and Advisory Panel (EMAP) meetings.  The revised three-year programme resulting from these changes was summarised in Table 12, at paragraph 35.  Approval was sought for the re-stated programme and for slippage on the 2008/09 programme.  Members were also asked to recommend the funding of a shortfall of £120k on the Disabilities Facilities Grant Scheme and retention costs of £6k at Acomb Library from capital receipts. 

Having noted the comments of the Shadow Executive on this item, it was

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. ¹

                        (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. ²

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