Issue - meetings

REPORT OF THE SERVICE DIRECTOR – RESOURCES

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

RESOLVED: That the Finance, Audit and Risk Committee notes the report, to be presented to the Cabinet.

REASON FOR DECISION: To provide an opportunity for the Committee to comment as appropriate on the progress with delivering the capital programme for 2018/19, as at the end of September 2018.

Audio Recording – Start of Item – Session 1 – 1 hour 19 minutes 30 seconds

The Accountancy Manager presented a report to the Committee on progress with delivering the capital programme for 2018/19, as at the end of September 2018, and its impact upon the approved capital programme for 2019/20 - 2021/22. The current estimate was a decrease in spend in 2018/19 of £8.666million and an increase in spend in future years of £7.387 million. The most significant individual changes were the re-profiling of funding for John Barker Place, Providing Housing at Market Rents and Hitchin Swim Centre Car Park into 2019/20 and the withdrawal of the capitalised Pension Fund Contribution.

Following Councillor T Hone having asked a question, it was

RESOLVED: That the Finance, Audit and Risk Committee notes the report, to be presented to the Cabinet.

REASON FOR DECISION: To provide an opportunity for the Committee to comment as appropriate on the progress with delivering the capital programme for 2018/19, as at the end of September 2018.