Decision details

Consideration was given to a report which set out progress on schemes in the City Strategy Capital Programme during the 2007/08 financial year. This included the outturn report for 2007/08 and reports on budget spend to the end of March 2008.

The outturn for the 2007/08 Capital Programme was £8,872k, an underspend of £662k against the budget. This represents an underspend of approximately 7% against the budget, which is principally due to the Council’s £500k contribution to the Highways Agency Hopgrove Roundabout Improvement scheme not being needed in 2007/08.

It is proposed to carry over the following schemes from 2007/08 with funds into 2008/09. It was reported that proposals for the funding of the completion of other schemes would be made in the consolidated report to Members in July.

Advice of the Advisory Panel

That the Advisory Panel advise the Executive Member for City Strategy to:

·        note the significant progress made in 2007/08 in implementing the City Strategy capital programme.

·        note the financial implications indicated in paragraphs 96 - 97.

·        approve the proposed carryovers amounting to £253k as outlined in paragraphs 98 - 100, subject to the approval of the Executive.

Decision of the Executive Member

RESOLVED:That the advice of the Advisory Panel be accepted and endorsed.

REASON:            To manage the Capital Programme effectively.