Issue - meetings

The purpose of this report is to set out the projected capital programme outturn position for 2013/14 including any under/ over spends and adjustments, along with requests to re-profile budgets to/from current and future years.

[See also Part B minute]

Resolved:           That  Cabinet agree to:

i)             Note the 2013/14 revised budget of £72.573m as set out in paragraph 5 and Table 1 of the report.

ii)            Note the restated capital programme for 2013/14 – 2017/18 as set out in paragraph 43, Table 2 and detailed in Annex A of the report.

iii)          Approve the use of contingency to fund £15k in relation to the Crematorium and note the allocation of £220k in relation to The Tour de France programme.

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

[See also Part B minute]

Consideration was given to a report which set out the projected capital programme outturn position for 2013/14 including any under/over spends and adjustments and requests to re-profile budgets between years.

The capital programme approved by Council in February, updated in the September monitor was £77.184m, financed by £42.467m of external funding and internal funding of £34.717m.  A decrease of £4.611m which was detailed in the current monitor resulting in a revised budget of £72.573m the decrease being made up of £4.403m reprofiling schemes to 2014/15 and scheme reductions of £208k, mainly arising from a reduction in the IT development plan in year spend. Details of the variances in each portfolio area were set out at Table 1 of the report with a summary of the key exceptions, implications on the capital budget and Economic Infrastructure Fund at paragraphs 8 to 42.

Information on the 5 year capital programme was reported at Table 2 and at Annex A and details of the capital programme financing to 2017/18 at paragraphs 45 to 47 and Table 3.

The Cabinet Member reported on a number of large capital projects planned for schools to provide improved accommodation and to smaller variances which affected the overall programme.

Resolved:           That  Cabinet agree to:

i)             Note the 2013/14 revised budget of £72.573m as set out in paragraph 5 and Table 1 of the report.

ii)            Note the restated capital programme for 2013/14 – 2017/18 as set out in paragraph 43, Table 2 and detailed in Annex A of the report.

iii)          Approve the use of contingency to fund £15k in relation to the Crematorium and note the allocation of £220k in relation to The Tour de France programme. ^1.

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