12 CAPITAL PROGRAMME OUTTURN 2018/19 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.