Issue - meetings

This report sets out the projected outturn position for the Council’s 2015/16 Capital Programme including any adjustments and requests to re-profile budgets between years.

Resolved:  That Executive agree to:

(i)           Note the 2015/16 revised budget of £94.389m, as set out in paragraph 6 and Table 1 of the report.

(ii)          Note the restated capital programme for 2015/16 – 2019/20 as set out in paragraph 33, Table 2 and detailed in Annex A of the report. ^1.

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

Consideration was given to a report which set out the projected out turn position for the 2015/16 Capital Programme which included any adjustments and requests to re-profile budgets between years.

It was reported that the Capital Programme approved by Council in February 2015 and updated from later reports to the Executive was £95.290m and, with a decrease of £901k reported in the current monitor had resulted in a revised Capital Programme of £94.389m. The variances reported against each portfolio area together with a summary of the key exceptions and their implications on the programme were also highlighted.

As a result of the changes the revised 5 year capital programme was reported together with financing details of the programme to 2019/20 at table 3 and Annex A.

Officers highlighted the additional costs associated with the extension of time required for works at the Theatre Royal and to the recent awarding of the contract for the Mansion House project, which also included some essential maintenance works.

In answer to questions, Officers confirmed that Fossgate would be included as part of a review and future report being undertaken into city centre access.

Resolved:  That Executive agree to:

(i)           Note the 2015/16 revised budget of £94.389m as set out in paragraph 6 and Table 1 of the report.

(ii)          Note the restated capital programme for 2015/16 – 2019/20 as set out in paragraph 33, Table 2 and detailed in Annex A of the report. ^1.

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