Issue - meetings

Background:

This report presented the results of the third round of the Council’s capital budget monitoring process for 2023/24. The report explained that this forecast a projected underspend of £51,000 in the Children and Adults Directorate, £32.54million in the Regeneration, Culture and Environment Directorate and £6,000 within Members Priorities. All other Services/Directorates were forecast to complete their capital schemes within the approved budget.

The Leader advised that the recommendation set out at 1.2 of the report incorrectly referred to paragraphs 12.1 to 12.5 of the report. The correct paragraph numbers were 11.1 to 11.5. The updated recommendation was as follows:

‘It is recommended that the Cabinet notes the changes made to the capital programme as set out in 11.1 to 11.5 to this report.’

Reasons:

Full Council is responsible for agreeing the capital programme. Cabinet is responsible for ensuring that expenditure remains within the approved programme, including instructing corrective action to prevent any forecast overspend from materialising.