Issue - meetings

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

Resolved:  That Executive agree to:

(i)           Note the 2015/16 revised budget of £51.538m 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 43, 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 informed them of the likely outturn position of the 2015/16 Capital Programme including any adjustments and requests to re-profile budgets between years.

The current approved Capital Programme for 2015/16 was £94.389m, following amendments previously reported to Executive and Council. A decrease of £40.654m, details of which were set out in the monitor report and had resulted in a revised Capital Programme budget of £51.538m, the majority of which had due to re-profiling of budgets to future years. Offsetting this had been a net increase of £229k mainly due to an increase from the Better Bus Area Fund of £308k from external contributions.

The variances against each portfolio area, together with a summary of the key exceptions and implications on the capital programme, were set out at paragraphs 9 to 42 and at Annex A of the report. A summary of the revised 5 year Capital Programme incorporating the proposed changes highlighted in the report were shown at Table 2 and the proposed financing at Table 3.

It was noted that individual schemes previously referred to under the Economic Infrastructure Fund had now been allocated out under relevant departments.

Following discussion it was

Resolved:  That Executive agree to:

(i)           Note the 2015/16 revised budget of £51.538m 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 43, Table 2 and detailed in Annex A of the report.

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