Issue - meetings
Capital Budget Monitoring Round 1 2021/2022
Meeting: 24/08/2021 - Cabinet (Item 7)
7 Capital Budget Monitoring 2021/2022 - Round 1 
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Additional documents:
Minutes:
Background:
This report presented the results of the first round of the Council’s capital budget monitoring process for 2021/2022. The report explained that this forecasted an underspend of £3.372million. The report provided details of a proposed virement, as set out in section 5 of the report.
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Decision number: |
Decision: |
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The Cabinet noted the results of the first round of capital budget monitoring for 2021/22. |
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95/2021 |
The Cabinet approved the virement of £384,542 from the Integrated Transport Scheme (9T989) to the Medway City Estate Connectivity scheme (9T625) to assist with the funding of a new slip road to assist with traffic flow from the Medway City Estate, as set out in paragraph 5.2 to the report. |
Reasons:
Cabinet has the responsibility to ensure effective budgetary control to contain expenditure within the approved limits set by Council.