Issue - meetings

Capital Budget Monitoring 2016/2017 - Quarter 2

 

 

Meeting: 22/11/2016 - Cabinet (Item 11)

11 Capital Budget Monitoring 2016/2017 - Quarter 2 pdf icon PDF 1 MB

Minutes:

Background

 

This report presented the capital monitoring information for the second quarter of the financial year, including outturn forecasts. The approved capital programme for 2016/17, and future years, stood at £110.5m, with £86 m in respect of brought forward schemes and £24.5m of new approvals. It was noted that, with reference to Table 2 in the report, that the figure of £301,000 related to Member Priorities, rather than Public Health

 

The report also provided details of an addition to the Capital Programme in respect of Rochester Riverside as well as detailed information regarding the overspend on the Rochester Multi Storey Car Park.

 

Decision number:

Decision:

140/2016

The Cabinet noted the spending forecasts summarised in Table 1 of the report and agreed to recommend to Council the addition to the Capital Programme outlined at paragraph 4.4 of the report.

 

Reasons

 

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