Issue - meetings

Recommended:That Council agree to:

(i)    The adjustments in the Capital programme of a decrease of £6.912m in 2014/15 as detailed in the report and contained in Annex A.

(ii)    The use of £75k Contingency for works in relation to the War Memorial sites as set out at paragraph 16 of the report.

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

[See also Part A minute]

Members considered a report which set out details of the Council’s projected capital programme outturn position for 2014/15, including any under/over spends and adjustments, together with requests to re-profile budgets to/from current and future years.

It was noted that the current 2014/15 capital programme, as approved by Council and updated in July was £83m, with current monitor showing a decrease of £6.912m resulting in a revised capital programme of £76.319m, the majority of which was attributable to the re-profiling to future years budgets and the remainder to a reduction in government grants.

The variances in each portfolio are were shown at Table 1 of the report and a summary of the key exceptions and implications on the capital programme reported in paragraphs 8 to 3. Revisions to the 5 year programme were also reported together with details of funding for future years to 2018/19.

The Leader highlighted work proposed on the cities War Memorials and to the extensive capital works set out in Annex A to the report. Members also referred to the demographic pressures on local schools and the need for good sustainable planning for the future needs of children in the city.

Recommended:That Council agree to:

(i)    The adjustments in the Capital programme of a decrease of £6.912m in 2014/15 as detailed in the report and contained in Annex A.

(ii)    The use of £75k Contingency for works in relation to the War Memorial sites as set out at paragraph 16 of the report. ^1.

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