Issue - meetings

Capital Budget Monitoring 2012/2013

 

 

Meeting: 12/02/2013 - Cabinet (Item 9)

9 Capital Budget Monitoring 2012/2013 pdf icon PDF 92 KB

Minutes:

Background:

 

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

 

The approved capital programme for 2012/2013 and future years was £110.6 million, consisting of £83 million in respect of brought forward schemes and £27.6 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 £73.670 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 of the report;

(b)  The budget virements and additions as detailed in paragraphs 4.2.2, 4.2.3 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.