Issue - meetings

Background:

This report detailed the capital monitoring forecasts as at the end of September 2015.

It was noted that the approved capital programme for 2015/16, and future years, was £122.3m, being £48.5m of brought forward schemes and £73.8m of new approvals. It was reported that since the first quarter’s monitoring £982,000 had been added to fund the increase in the estimated cost of the multi-storey car park on Rochester Riverside and this had been agreed by Council on 12 August 2015.

The report consolidated the capital expenditure forecasts prepared by each directorate and more detailed information was provided in the appendix to the report.  The accompanying narrative provided a brief description of each scheme, describing the progress of each and the outputs achieved. 

Reasons:

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