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.  Members are asked to recommend to Council approval of the adjustments detailed within the report.

Resolved:     That Executive agree to:

(i)           Note the 2016/17 revised budget of £52.428m as set out in paragraph 6 and Table 1.

(ii)          Note the restated capital programme for 2016/17 – 2020/21 as set out in paragraph 53, Table 2 and detailed in Annex A.

(iii)        Approve the use of £270k from Capital contingency to the Mansion House scheme as set out in paragraph 50.

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

[See also Part B minutes]

Members considered a report which set 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.

The current approved Capital Programme for 2016/17 was £71.066m, following amendments previously reported to Executive and Council.  A decrease of £18.638m, details of which were set out in the monitor report, had resulted in a revised Capital Programme of £52.428m.   £20.003m of this decrease was due to re-profiling of budgets to future years.

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 8 to 53 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 (paragraph 54) and the proposed financing at Table 3 (paragraph 55).

Some slippage had been reported with funds moved from this year into next, but there were no major issues to highlight.  It was noted that the only significant issue in terms of specific scheme funding was the request for Executive approval of £270k from the capital contingency to the Mansion House scheme.  This had been reported previously to Executive and was covered within the report. 

Resolved:     That Executive agree to:

(i)           Note the 2016/17 revised budget of £52.428m as set out in paragraph 6 and Table 1.

(ii)          Note the restated capital programme for 2016/17 – 2020/21 as set out in paragraph 53, Table 2 and detailed in Annex A.

(iii)        Approve the use of £270k from Capital contingency to the Mansion House scheme as set out in paragraph 50.¹

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