Issue - meetings

Capital Budget Monitoring 2010/2011

 

 

Meeting: 15/02/2011 - Cabinet (Item 9)

9 Capital Budget Monitoring 2010/2011 pdf icon PDF 581 KB

Minutes:

Background:

 

This report gave details of the capital monitoring position for the period to December 2010, with a forecast outturn for 2010/2011. This report had previously been scheduled for consideration at Cabinet on 18 January 2011 but delayed to better reflect the impact of the snow on major capital schemes.

 

It was noted that on 25 February 2010 the Council had approved a capital programme for 2010/2011 and future years of £116 million. Subsequent funding announcements had increased the capital programme to over £129 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 £83.3 million of the programme was forecast for spend during 2010/2011 and the report set out how this would be funded. The details of a number of schemes that had been added, or vired, to the capital programme under delegated authority was set out.

 

Decision number:

Decision:

 

The Cabinet noted:

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

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

 

Reasons:

 

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