Issue - meetings

This report sets out the projected outturn position for 2016/17 including any under/over spends and adjustments, along with requests to re-profile budgets to/from current and future years.

Resolved:  That Executive:

(i)           Note the 2016/17 revised budget of £71.066m as set out in paragraph 6 and Table 1 of the report.

(ii)          Note the restated capital programme for 2016/17 – 2020/21 as set out in paragraph 40, Table 2 and detailed in Annex A.

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

[See also Part B minutes]

Consideration was given to a report which set out the projected out turn position for the 2016/17 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 2016 and updated from later reports to the Executive was £100.146m and, with a decrease of £29.080m reported in the current monitor had resulted in a revised Capital Programme of £71.066m. 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 2020/21 at table 3 and Annex A.

Resolved:  That Executive:

(i)           Note the 2016/17 revised budget of £71.066m as set out in paragraph 6 and Table 1 of the report.

(ii)          Note the restated capital programme for 2016/17 – 2020/21 as set out in paragraph 40, Table 2 and detailed in Annex A.

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