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Issue - meetings

CAPITAL PROGRAMME OUTTURN 2018/19

Meeting: 11/06/2019 - Cabinet (Item 12)

12 CAPITAL PROGRAMME OUTTURN 2018/19 pdf icon PDF 94 KB

REPORT OF THE SERVICE DIRECTOR - RESOURCES

To consider the Capital Programme Outturn 2018/19

Additional documents:

Decision:

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.

Minutes:

Audio Recording – Start of Item – 21 minutes 34 seconds

 

The Executive Member for Finance and IT presented the report entitled Capital Programme Outturn 2018/19 together with the following appendices:

 

·           Appendix A - Capital Outturn Report 18/19;

·           Appendix B - Capital Outturn Report 18/19.

 

He advised that recommendation 2.2 should be amended to read:

 

“That Cabinet approves 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).

 

It was moved by Councillor Albert, seconded by Councillor Stears-Handscomb and:

 

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.