Issue - meetings

This report informs Members of the likely outturn position of 2008/09 Capital Programme, based on the spend profile and information to January 2009, and seeks approval for revisions to the programme, including slippage of funding on certain schemes.

RESOLVED: (i)         That the revised 2008/09 budget of £60.249m, as set out in the report at paragraph 6 and Table 2, be approved.

                        (ii)        That the slippage of £459k from 2008/09 to future years, resulting in a revised programme of £60.289m in 2009/10, be approved.

                        (iii)       That the re-stated three year capital programme for 2008/09 to 2010/11, as set out in paragraph 36, Table 12, and detailed in Annex A, be approved.

                        (iv)       That the capital receipt projections for 2008/09 to 2012/13, as summarised in Table 13, be noted.

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

Members considered a report which informed them of the likely out-turn position of the Council’s 2008/09 Capital Programme, based on information up to January 2009, and sought approval for revisions to the programme, including slippage of funding on certain schemes.

The current approved programme amounted to £60.537m, financed by £45.696m of external funding, leaving a cost to the Council of £14.841m to be financed from capital receipts.  The projected out-turn against this programme was £60.249m, representing a net decrease of £288k, comprising:

• adjustments to schemes increasing costs by £171k and
• the re-profiling of budgets from 2008/09 to future years of £459k.

Details of the variances in each portfolio area were set out in Table 2, at paragraph 6 of the report.  There had been £46.739m capital spend up to the end of January 2009, representing 77% of the approved budget. 

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 36.  Approval was sought for the re-stated programme and for slippage on the 2008/09 programme. 

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

RESOLVED: (i)         That the revised 2008/09 budget of £60.249m, as set out in the report at paragraph 6 and Table 2, be approved.

                        (ii)        That the slippage of £459k from 2008/09 to future years, resulting in a revised programme of £60.289m in 2009/10, be approved.¹

                        (iii)       That the re-stated three year capital programme for 2008/09 to 2010/11, as set out in paragraph 36, Table 12, and detailed in Annex A, be approved.

                        (iv)       That the capital receipt projections for 2008/09 to 2012/13, as summarised in Table 13, be noted.

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