Issue - meetings
Capital Budget Monitoring - Round 3 2020/21
Meeting: 02/03/2021 - Cabinet (Item 7)
7 Capital Budget Monitoring Report - Round 3 2020/21 
PDF 269 KB
Additional documents:
Minutes:
This report presented the results of the third round of the Council’s capital budget monitoring for the financial year 2020/21. The report explained that this forecasted an underspend of £1.746million.
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Decision number: |
Decision: |
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The Cabinet noted the results of the third round of capital budget monitoring for 2020/21. |
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36/2021 |
The Cabinet agreed to recommend to Full Council the virement of £499,000 from the Britton Farm Residential Scheme to the Medway Development Co Ltd (MDC) holding scheme, to fund expenditure on future MDC schemes as set out in paragraph 7.3.3 of the report. |
Reasons:
Cabinet has the responsibility to ensure effective budgetary control to contain expenditure within the approved limits set by the Council.