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Issue - meetings

Capital Programme Outturn 2013/14 and revisions to the 2014/15 – 2018/19 Programme

Meeting: 01/07/2014 - Executive (Item 9)

9 Capital Programme Outturn 2013/14 And Revisions To The 2014/15 - 2018/19 Programme pdf icon PDF 220 KB

This report sets out the capital programme outturn position including any under or over spends, overall funding of the programme and an update as to the impact on future years of the programme.

 

Additional documents:

Decision:

 

Resolved: That Cabinet agree to:

 

(i)           Note the 2013/14 capital outturn position of £44.616m and approve the requests for re-profiling totalling £17.348m from the 2013/14 programme to future years.

 

(ii)          Note the additions in future years totalling £1.769m.

 

(iii)        Note the outturn position of the Economic Infrastructure Fund (EIF) in 2013/14 and revisions to the profile of the £28.5m as set out in Annex B of the report.

 

(iv)        Approve the revised EIF profile set out at Annex B of the report.

 

Reason:     To allow the continued effective financial management of the capital programme from 2014/15 to 2018/19.

 

 

 

 

 

 

Minutes:

Members considered a report which set out the capital programme outturn position, including any under or over spends, the overall funding of the programme and an update on future years.

 

An outturn of £44.616m was noted compared to an approved budget of £60.908m, an overall variation of £16.292m with the programme continuing to operate within budget.

 

A summary of the 2013/14 Capital Programme outturn was detailed, in the report and at Annexes A and B, highlighting the total variances for individual departments along with requests for reprofiling and an update on the Economic Infrastructure Fund.

 

Amendments made to future year’s capital programmes as a result of reprofiling and requests for the use of new funding were also reported.

 

Members made reference to the ongoing challenges for the programme whilst highlighting progress with key schemes, including park and ride, the Disabled Support Grant and repairs and refurbishments at a number of schools.

 

Resolved: That Cabinet agree to:

 

(i)           Note the 2013/14 capital outturn position of £44.616m and approve the requests for re-profiling totalling £17.348m from the 2013/14 programme to future years.

 

(ii)          Note the additions in future years totalling £1.769m.

 

(iii)        Note the outturn position of the Economic Infrastructure Fund (EIF) in 2013/14 and revisions to the profile of the £28.5m as set out in Annex B of the report.

 

(iv)        Approve the revised EIF profile set out at Annex B of the report.

 

Reason:     To allow the continued effective financial management of the capital programme from 2014/15 to 2018/19.

 

 

 

 

 

 


 

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