Issue - meetings

Capital Budget Monitoring

 

 

Meeting: 30/11/2010 - Cabinet (Item 147)

147 Capital Budget Monitoring 2010/2011 pdf icon PDF 500 KB

Minutes:

This report presented the capital monitoring for the period to September 2010, with an outturn forecast for 2010/2011. This incorporated the latest notified public spending reductions.

 

It was noted that on 25 February 2010 the Council had approved a capital programme for 2010/2011 and future years of £116 million. Having incorporated some further funding announcements the capital programme now approached £128 million.

 

The report commented on the delivery of the capital programme, which was now in excess of 200 individual schemes, and updated Members on a number of issues. The current forecast showed that £90.148 million of the programme was forecast for spend during 2010/2011. Details of five schemes that had been added, or vired, to the capital programme under delegated authority were given, together with two schemes that would be referred to Council for approval.

 

 

Decision number:

Decision:

 

The Cabinet noted the:

a)              spending and funding forecasts summarised at Tables 1 and 3 of the report and

b)              additions to the capital programme and virements as detailed in paragraph 5.1 of the report.

209/2010

The Cabinet recommended to Council the additions to the capital programme as detailed in paragraph 5.2 of the report.

 

Reasons:

 

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