Issue - meetings

This report presents the final out-turn position of the Council’s 2008/09 capital programme and seeks approval for the statutory declaration on the funding of the programme and for any changes to the programme resulting from overspends, underspends or slippage.

RESOLVED: (i)         That the 2008/09 capital out-turn position be noted.

                        (ii)        That the requests for slippage to and from the 2009/10 capital programme be approved.

                        (iii)       That the re-stated 2009/10 to 2013/14 programme, as summarised in Table 4, paragraph 51 of the report and detailed in Annex 2, be approved.

                        (iv)       That the statutory declaration of the 2008/09 capital expenditure required by Part 1 of the Local Government Act 2003 (Prudential Code), as set out in Annex 1, be approved.

REASON:      To allow the continued effective management of the capital programme in 2009/10 and beyond and to fulfil statutory functions.

Members considered a report which presented the final out-turn position of the Council’s 2008/09 capital programme and sought approval for the statutory declaration on the funding of the programme and for any changes resulting from overspends, underspends or slippage.

Total capital expenditure in 2008/09 amounted to £58.536m.  This was the largest capital programme ever delivered by the City of York Council and represented an under-spend of £2.393m against the re-stated budget of £60.929m, a variance of 4%.  There were requests to slip (carry forward) budgets totalling £2.997m into future years.  These, together with other variances including updates to the spend profile of future years to improve budgetary control of the programme, were set out in the table at paragraph 14 of the report.

The revised start budget for the 2009/10 capital programme following slippage and revisions was shown in Table 3 at paragraph 50 of the report and the re-stated capital programme for the period 2009/10 to 2013/14 was shown in Table 4 at paragraph 51.  The statutory declaration of the 2008/09 capital expenditure was attached as Annex 1 to the report.

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

RESOLVED: (i)         That the 2008/09 capital out-turn position be noted.

                        (ii)        That the requests for slippage to and from the 2009/10 capital programme be approved.¹

                        (iii)       That the re-stated 2009/10 to 2013/14 programme, as summarised in Table 4, paragraph 51 of the report and detailed in Annex 2, be approved.

                        (iv)       That the statutory declaration of the 2008/09 capital expenditure required by Part 1 of the Local Government Act 2003 (Prudential Code), as set out in Annex 1, be approved.

REASON:      To allow the continued effective management of the capital programme in 2009/10 and beyond and to fulfil statutory functions.