Issue - meetings

This report informs Members of the likely outturn position of 2010/11 Capital Programme, based on the spend profile and information to September 2010, and seeks approval for the slippage of funding arising from changes to the programme.

RESOLVED: (i)         That the 2010/11 revised budget of £73.306m, as set out in paragraph 6 of the report and Table 2, be noted.

                        (ii)        That the re-stated capital programme for 2010/11-2014/15, as set out in paragraph 43, Table 12 and detailed in Annex A, be noted.

                        (iii)       That the switching of capital receipts funding of £27k from Derwent MUGA, for use on the Huntington School TCF scheme, be approved.

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 informed them of the likely out-turn position of the 2010/11 Capital Programme, based upon the spend profile and information to September 2010, and sought approval for slippage of funding arising from changes to the programme.

An out-turn of £73.306m was predicted against the current approved capital programme budget of £81.532m, representing a net decrease of £8.226m.  At the mid-year point in August, there had been £15.301m of capital spend, representing 21% of the budget.  Budget variances in each portfolio area were outlined in Table 2, in paragraph 6 of the report, and detailed in paragraphs 10 to 46.  Details of the re-stated Capital Programme for the period 2010/11 to 2014/15 were provided in Annex A.

Members were invited to note the revised programme, approve a switch of funding within Education and Children’s Services, as detailed in paragraph 13, and recommend to Council certain additions to the Programme, through Prudential Borrowing and a sum to enable the acquisition of premises on behalf of York Museums Trust, as detailed in Annex B.

Having noted the comments of the Labour Group Spokespersons on this item, it was

RESOLVED: (i)         That the 2010/11 revised budget of £73.306m, as set out in paragraph 6 of the report and Table 2, be noted.

                        (ii)        That the re-stated capital programme for 2010/11-2014/15, as set out in paragraph 43, Table 12 and detailed in Annex A, be noted.

                        (iii)       That the switching of capital receipts funding of £27k from Derwent MUGA, for use on the Huntington School TCF scheme, be approved. ¹

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