Issue - meetings

This report details:

·        The likely outturn position of the 2009/10 Capital Programme based on the spend profile and information to the end of October;

·        adjustments to scheme allocations to align with latest cost estimates and delivery projections and

·        any slippage and seeks approval for the associated funding to be slipped between the relevant financial years to reflect this.

RESOLVED:             That the Executive Member approves the following changes, subject to the approval of the Executive:

i)                    the adjustments set out in Annexes 1 and 2.

ii)                  the slippage of £125k of Section 106 funding to a future year.

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

Consideration was given to the 2009/10 Monitor 2 report which detailed the likely outturn position of the City Strategy Capital Programme based on the spend profile and information to the end of October 2009. The report also requested the Executive Member to agree adjustments to scheme allocations to align with the latest cost estimates and sought approval for funding to be slipped between the relevant financial years.

The Executive Member confirmed that it was expected that the outturn would be on target but that some of the schemes, including Haxby Railway station and Access York 1, were still dependent on third party decisions. It was however anticipated that several major schemes would be completed this year including works on Fulford Road and a number of significant cycling network improvements.

RESOLVED:             That the Executive Member approves the following changes, subject to the approval of the Executive:

i)                    the adjustments set out in Annexes 1 and 2.

ii)                  the slippage of £125k of Section 106 funding to a future year. ^1.

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