Cabinet considered a report on the current position of the Council’s 2013/14 to 2016/17 capital programme which took into account the latest monitoring information on the progress of the schemes, any necessary budget increases and decreases and the re-profiling of budgets between 2013/14 and future years.

The report reflected:

1.     The re-profiled 2013/14 budget of £47.4 million and the future years capital programme budget;

2.    Expenditure to date of 61.2% of the revised budget;

3.    A projected outturn in line with the re-profiled budget of £47.4 million; and

4.    The current funding of the programme and its future affordability.

(a)  That approval be given to the budget variations of £3.4 m to the 2013/14 capital programme, detailed in Appendix 1/Table 1 and the re-profiled 2013/14 capital budget of £47.4m and the increase in the operating leasing by £0.26m to £1.84m.

(b)  That approval be given to the re-profiled capital budgets of £62.2m for 2014/15, £13.5m for 2015/16 and £5.3m for 2016/17 as detailed in Appendix 1/Table 4.

(c)  That the expenditure to date of £33.3m, representing 70.3% of the revised capital budget for 2013/14, with 92% of the year having elapsed, be accepted.