Issue - meetings

First Quarter Capital Budget Monitoring 2011/2012

 

 

Meeting: 02/08/2011 - Cabinet (Item 10)

10 Capital Budget Monitoring 2011/2012 pdf icon PDF 130 KB

Minutes:

Background:

 

This report gave details of the capital monitoring position for the period to June 2011 (the end of the first quarter), with a forecast outturn for 2011/2012 and future years. The approved capital programme for 2011/2012 and future years was £107.7m, consisting of £53.6m in respect of brought forward schemes and £54.1m in respect of new approvals.

 

The report commented on the delivery of the capital programme and updated Members on a number of issues. The current forecast showed that £78m of the programme was forecast for spend during 2011/2012.

 

The Cabinet accepted this report as urgent to enable it to receive and consider the first quarter budget monitoring information at the earliest opportunity.

 

Decision number:

 

Decision:

 

The Cabinet noted:

  • The spending forecasts summarised at tables 1 and 3 in the report
  • The additions to the Capital Programme and budget virements as detailed in paragraph 5.2 of the report.

99/2011

The Cabinet recommended to Council the additions to the Capital Programme 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.