Capital Monitoring Report Quarter 2 2015/2016
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The Portfolio Holder for Finance, Resources and Support considered a report by the Head of Finance, Governance and Assurance on the current position for the Council’s 2015/16 to 2018/19 Capital Programme.
i) That the net budget variations of £3m to the 2015/16 capital programme be approved, detailed in Appendix 1/Table 1 and the re-profiled 2015/16 capital budget of £62m. Including new allocations of capital receipt funding as follows:
§ £86k for the Mere warden’s bungalow refurbishment.
ii) That the re-profiled capital budgets of £40.9m for 2016/17 and £28.1m for 2017/18 and £70k for 2018/19 be approved as detailed in Appendix 1/Table 4.
iii) That the expenditure to date of £14.4m be accepted, representing 23.2% of the revised capital budget for 2015/16, with 42% of the year having elapsed.
Publication date: 16/10/2015
Date of decision: 14/10/2015
Decided at meeting: 14/10/2015 - Cabinet
Effective from: 27/10/2015