Issue - meetings
Capital Budget Monitoring 2018/2019 - Quarter 2
Meeting: 20/11/2018 - Cabinet (Item 14)
14 Capital Budget Monitoring 2018/19 - Quarter 2 
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Additional documents:
Minutes:
Background:
This report presented the capital monitoring information for the second quarter of the financial year, including outturn forecasts and reference to any new schemes. The approved capital programme for 2018/19, and future years, was £227.773m.
The report provided details of new schemes and virements, as set out in section 4 of the report.
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Decision number: |
Decision: |
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The Cabinet noted the spending forecasts summarised at Table 1 of the report. |
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147/2018 |
The Cabinet recommended to Full Council that the following sums be added to the Capital Programme: |
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a) The sum of £299,000 be added in respect of the Children and Adults Mobile Working as set out in paragraph 3.3 of the report. |
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b) The sum of £33,000 be added in respect of the Medway Adult Education’s Management Information System as set out in paragraph 4.5 of the report. |
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c) The sum of £11,000 to form a new scheme with a total value of £34,000 in respect of the Shared Licensing Service, as set out in paragraph 4.6 of the report. |
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148/2018 |
The Cabinet recommended to Full Council to add a sum of up to £25,000 to the capital programme in respect of a capital grant to RVS as set out in paragraph 4.7 of the report. |
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149/2018 |
The Cabinet agreed to delegate authority to the Chief Finance Officer, in consultation with the Leader, to determine the final amount of the capital grant to RVS (up to £25,000) on review of the final business case. |
Reasons:
Cabinet has the responsibility to ensure effective budgetary control to contain expenditure within the approved limits set by Council.