Issue - meetings

Capital Budget Monitoring - Quarter 3

 

 

Meeting: 11/02/2014 - Cabinet (Item 6)

6 Capital Budget Monitoring - Quarter 3 pdf icon PDF 135 KB

Minutes:

Background:

 

This report and accompanying appendices gave details of the capital monitoring position for the period to December 2013 (the end of the third quarter), with a forecast outturn for 2013/2014.

 

The approved capital programme for 2013/2014 and future years was £98.5 million, consisting of £41.6 million in respect of brought forward schemes and £56.8 million of new approvals.

 

The report commented on the delivery of the capital programme and updated Members on a number of issues. The current forecast showed that £51.033 million of the programme was forecast for spend during 2013/2014.

 

The Cabinet accepted this report, as set out within Supplementary Agenda No. 2, as urgent to enable Members to receive and consider the latest budget information at the earliest opportunity.

 

Decision number:

Decision:

 

The Cabinet noted:

 

(a)            the spending forecasts summarised at table 1 of the report;

(b)           the new approvals outlined at paragraph 4.3.1 of the report authorised under officer delegations.

Reasons:

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