Issue - meetings

REPORT OF THE SERVICE DIRECTOR – RESOURCES

To update Cabinet on progress with delivering the capital programme for 2018/19.

RESOLVED:

      i.        That Cabinet notes the forecast expenditure of £7.211million in 2018/19 on the capital programme, paragraph 8.2 refers, and approves the adjustments detailed in table 3 which resulted in a net decrease on the working estimate of £2.468million.

     ii.        That Cabinet approves the adjustments to the capital programme for 2018/19 onwards as a result of the revised timetable of schemes detailed in table 2, increasing the estimated spend in future years 2019/20 by £7.387million.

    iii.        That Cabinet notes the position of the availability of capital resources, as detailed in table 4, and the requirement to keep the capital programme under review for affordability.

REASONS FOR DECISION: Cabinet is required to approve revisions to the capital programme.  Cabinet is required to ensure that the capital programme is fully funded.

Audio Recording – Start of Item – Session 2 - 7 minute 20 seconds

Report of the Service Director – Resources updating the Cabinet on progress with delivering the capital programme for 2018/19 as at the end of September 2018 and indicating its impact on the approved capital programme for 2018/20 – 2021/22.

The Leader of the Council moved the recommendations and following a vote it was

RESOLVED:

(1)      That Cabinet notes the forecast expenditure of £7.211million in 2018/19 on the capital programme, paragraph 8.2 refers, and approves the adjustments detailed in table 3 which resulted in a net decrease on the working estimate of £2.468million.

(2)      That Cabinet approves the adjustments to the capital programme for 2018/19 onwards as a result of the revised timetable of schemes detailed in table 2, increasing the estimated spend in future years 2019/20 by £7.387million.

(3)      That Cabinet notes the position of the availability of capital resources, as detailed in table 4, and the requirement to keep the capital programme under review for affordability.

REASONS FOR DECISION: Cabinet is required to approve revisions to the capital programme.  Cabinet is required to ensure that the capital programme is fully funded.