The Leader of the Council and Portfolio Holder for Strategy, Financial Strategy, Budget and Business Plan presented a report from the Head of Finance, Governance and Assurance [s151 Officer] on the current position for the Council’s 2016/17 to 2019/20 capital programme.

RESOLVED:

i)             That net budget variations of £5.8m to the 2016/17 capital programme be approved, including cuts to capital receipts funded schemes of £4.4m; detailed in Appendix 1/Table 1 and the re-profiled 2016/17 capital budget of £60.2m.

ii)            That the re-profiled capital budgets of £43.1m for 2017/18 and £18.8m for 2018/19 and £1.8m for 2019/20 be approved as detailed in Appendix 1/Table 4. Including cuts to capital receipt funded schemes of £4.0m in 2017/18.

iii)           That the expenditure to date of £15.8m be accepted, representing 26% of the revised capital budget for 2016/17, with 50% of the year having elapsed.