Issue - meetings
Capital Budget Monitoring 2015/2016 - Period 3
Meeting: 09/02/2016 - Cabinet (Item 5)
5 Capital Budget Monitoring 2015/2016 
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Minutes:
Background:
This report detailed the capital monitoring forecasts as at the end of December 2015.
It was noted that the approved capital programme for 2015/16, and future years, was £125.9m, being £48.5m of brought forward schemes and £77.4m of new approvals.
The report included details of one new virement and three new additions since the second quarter period.
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.
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Decision number: |
Decision: |
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12/2016 |
The Cabinet approved the budget virement proposal as set out in paragraph 4.1.1 of the report and noted the three new additions to the programme in paragraphs 4.1.2, 4.1.3 and 4.1.4 of the report, which are covered under the Chief Finance Officer’s delegated authority on capital spending. |
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The Cabinet noted the spending forecasts summarised at Table 1 in the report. |
Reasons:
Cabinet has the responsibility to ensure effective budgetary control to contain expenditure within the approved limits set by Council.