Issue - meetings

This report sets out progress to date on schemes in the 2010/11 City Strategy Capital Programme, including budget spend to the end of July 2010.

RESOLVED:             That the Executive Member agrees to:

i)                    Approve the adjustments to the programme set out in Annexes 1 to 4 of the report;

ii)Approve the variations to the 2010/11 City Strategy capital budget, subject to the approval of the Executive.

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

Consideration was given to a report which set out progress to date on schemes within the 2010/11 City Strategy Capital Programme, including budget spend to the end of July 2010. The report also proposed adjustments to scheme allocations to align with the latest cost estimates and delivery projections, the main adjustments being to accommodate the reductions in Government funding.

Officers updated that there had been a slight change to the report and annexes with the addition of a separate Water End Junction Review item, but that this did not affect the proposed budget. It was also reported that ifthe proposed changes were accepted that the total value of the City Strategy Planning and Transport Capital Programme for 2010/11 would be £6,562k including overprogramming. Officers reported that overprogramming would increase from £605k to £686k with the budget increasing to £5,876k.

The Executive Member confirmed that there were no major changes to the proposed programme.

RESOLVED:             That the Executive Member agrees to:

i)                    Approve the adjustments to the programme set out in Annexes 1 to 4 of the report; ^1.

ii)Approve the variations to the 2010/11 City Strategy capital budget, subject to the approval of the Executive. ^2.

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