Cabinet considered a report by the Head of Finance, Governance and Assurance on the final outturn position for the Council’s 2014/2015 capital programme and the current position regarding the 2015/2016 to 2017/2018 capital programme taking into account the slippage following the closure of the 2014/2015 programme, and any budget increases/decreases and future years.

(a)  That approval be given to the budget variations of £209,067 to the 2014/15 capital programme, detailed in Appendix 1/Table 1 and the re-profiled 2014/15 capital budget of £66.4m.

(b)   That approval be given to the re-profiled capital budgets of £66.6m for 2015/16, including slippage of £12.1m from 2014/15, £34.6m for 2016/17 and £27.5m for 2017/18 as detailed in Appendix 1/Table 4.

(c)  That the outturn expenditure set out in appendix 1 of £54.2m, representing 81.7% of the revised capital budget for 2014/15 be accepted.

(d)  That approval be given to retaining a balance of capital receipts set aside of £14.1m as at 31st March 2015 to generate a Minimum Revenue Provision saving of £564,000 in 2015/16.