Decision details

RESOLVED:

(1)       That the expenditure of £5.574million in 2018/19 on the capital programme, paragraph 8.2 refers, and in particular the changes detailed in table 3 which resulted in a net  increase on the working estimate of £0.620million be noted;

(2)       That the adjustments to the capital programme for 2019/20 as a result of the revised timetable of schemes detailed in table 2, increasing the estimated spend in 2019/20 by £0.542million (re-profiled from 2018/19) be approved;

(3)       That the position of the availability of capital resources, as detailed in table 4 paragraph 8.6 and the requirement to keep the capital programme under review for affordability be noted;

(4)       That the application of £0.626million of capital receipts towards the 2018/19 capital programme and the drawdown of £4.431million from set aside receipts, paragraph 8.6 refers be approved

REASON FOR DECISIONS: Cabinet is required to approve adjustments to the capital programme and ensure that the capital programme is fully funded.