Issue - meetings

Capital Budget Monitoring 2014/2015 - Period 1

 

 

Meeting: 16/10/2014 - Council (Item 455)

455 Additions to the Capital Programme pdf icon PDF 38 KB

This report seeks approval to add two schemes to the Capital Programme.

Minutes:

Discussion:

 

This report provided details of two schemes for inclusion in the Capital Programme, namely the Smarter working @ Gun Wharf Project and semi-independent accommodation at the Old Vicarage children’s home.

 

Smarter working @ Gun Wharf Project would enable the better, more space efficient use of Gun Wharf, including the co-location of Adult Social Care teams and allow the vacation of expensive third party accommodation. The development of semi-independent accommodation at the Old Vicarage children’s home would enable two care leavers help prepare for transition to semi-independence whilst they are living in their own accommodation.

 

The report provided details of the consideration of the matter by Cabinet on 30 September 2014.

 

The Mayor informed Members of an inadvertent reference to an exempt appendix on page 110 of this report. This related to the Cabinet report from 30 September and did not form part of this report.

 

The Deputy Leader and Portfolio Holder for Finance, Councillor Jarrett, supported by the Leader of the Council, Councillor Rodney Chambers OBE, proposed the recommendation set out in the report.

 

Decision:

 

The Council approved the following additions to the capital programme, both of which are to be funded through virements from the Adult Social Care Transformation budget:

 

(i)                 Transfer £400,000 from Adult Social Care Transformation to fund the Smarter Working @ Gun Wharf project;

(ii)               Transfer £120,000 from Adult Social Care Transformation to fund the construction of additional provision on the Old Vicarage site.

Meeting: 30/09/2014 - Cabinet (Item 9)

9 Capital Budget Monitoring 2014/2015 - Round 1 pdf icon PDF 104 KB

Minutes:

Background:

 

This report and accompanying appendices gave details of the capital monitoring position for the period to July 2014 with a forecast outturn for 2014/2015.

 

The approved capital programme for 2014/2015 and future years was £83.8 million, consisting of £56 million in respect of brought forward schemes and £27.8 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 £58.897 million of the programme was forecast for spend during 2014/2015.

 

Decision number:

Decision:

166/2014

The Cabinet noted the spending forecasts summarised at Table 1 and agreed the following virements, in accordance with the Council’s delegated financial limits:

  • Transfer £202,000 from the Basic Need Programme to fund the forecast overspends against the Wainscott Primary and Napier Primary schemes;
  • Transfer £451,000 from the Basic Need Programme to the Academies Programme to part fund the cost of asbestos removal;

·        Transfer £165,000 from the Basic Needs Programme (funded from the Targeted Basic Needs Grant) to fund the overspend on the New Horizons project.

167/2014

The Cabinet recommended to Council the following additions to the capital programme, both of which are to be funded through virements from the Adult Social Care Transformation budget:

 

  • Transfer £400,000 from Adult Social Care Transformation to fund the Smarter Working @ Gun Wharf project;

·        Transfer £120,000 from Adult Social Care Transformation to fund the construction of additional provision on the Old Vicarage site.

 

Reasons:

 

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