Decision details

To report on the latest monitoring position. 

This report gave details of the capital monitoring position for the period from April 2010 to July 2010, with a forecast outturn for 2010/2011 and future years.

It was noted that on 25 February 2010 the Council had approved a capital programme for 2010/2011 and future years of £116m. Having incorporated schemes rolled forward from the 2009/2010 capital programme and some further funding announcements the capital programme now approached £124m.

The report commented on the delivery of the capital programme, which was now in excess of 200 individual schemes, and updated Members on a number of issues. The current forecast showed that £93 million of the programme was forecast for spend during 2010/2011. It was noted that Council (29 July 2010) agreed to a number of measures to compensate for a loss of £908,500 funding against the approved Local Transport Plan programme and the loss of £1,006,775 of expected Public Service Agreement reward grant.

Reasons:

Cabinet has the responsibility to ensure effective budgetary control to contain expenditure within the approved limits set by Council.