Decision Maker: Cabinet
Decision status: Decision made
Is Key decision?: Yes
Is subject to call in?: Yes
15/2003 The Cabinet confirmed its previous
position regarding the capitalised expenditure to the highway
revenue budget.
16/2003 The Cabinet recommended to Council that there be no change
to the budget and policy framework rules.
The capitalisation of this spending has had no
adverse impact on the delivery of highway programmes and it was
legitimate for this expenditure to form part of the capital
programme as the majority of the works result in an improvement to
assets. Transferring legitimate capital expenditure to revenue
would put the revenue budget under further pressure and would
jeopardise the council's ability to use all of its capital funding
awarded by central government. Failure to achieve the output
assumed under the LTP for the current financial year could reduce
the council's LTP award in future years.
Publication date: 21/01/2003
Date of decision: 21/01/2003
Decided at meeting: 21/01/2003 - Cabinet
Effective from: 31/01/2003
Accompanying Documents: