Issue - meetings

This report sets out the projected outturn position for 2015/16 including any under/over spends and adjustments, along with requests to re-profile budgets to/from current and future years.

Resolved:  That the Executive:

(i)           Note the 2015/16 revised budget of £95.290m 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 30, Table 2 and detailed in Annex A of the report.

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

[See also Part B minute]

Members considered a report which set out details of the Council’s projected capital programme outturn position for 2015/16, 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 2015/16 capital programme, as approved by Council and updated in July was £100.381m, with current monitor showing a decrease of £5.091m resulting in a revised capital programme of £95.290m, the majority of which was attributable to the re-profiling to future years budgets.

The variances in each portfolio 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 32 and Annex A. Revisions to the 5 year programme were also reported together with details of funding for future years to 2019/20.

Officers highlighted the expenditure being undertaken in Children’s Services on the school rebuild schemes at Fulford and St Barnabas Primary School.

Resolved:  That the Executive:

(i)           Note the 2015/16 revised budget of £95.290m 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 30, Table 2 and detailed in Annex A of the report.

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