Issue - meetings

Capital Budget Monitoring

 

 

Meeting: 30/10/2012 - Cabinet (Item 8)

8 Capital Budget Monitoring 2012/2013 pdf icon PDF 159 KB

Minutes:

Background:

 

This report gave details of the capital monitoring position for the period to September 2012 (the end of the second quarter), with a forecast outturn for 2012/2013.

 

The approved capital programme for 2012/2013 and future years was £105.6 million, consisting of £83 million in respect of brought forward schemes and £22.6 million 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 £76.045 million of the programme was forecast for spend during 2012/2013.

 

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:

 

(a)   the spending forecasts summarised at Tables 1 and Appendix 1 of the report;

(b)  budget virements and additions as detailed in paragraphs 4.2.1, 4.2.2 and 4.3.1 of the report.

 

Reasons:

 

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