Lead Member – Councillor Malcolm Pate – Leader and Portfolio Holder for Strategy, Financial Strategy, Budget and Business Plan

Report of the Head of Finance, Governance and Assurance TO FOLLOW

Contact: James Walton       Tel: 01743 255001

            RESOLVED:

i)              That net budget variations of £4.4m to the 2016/17 capital programme, detailed in Appendix 1/Table 1 and the re-profiled 2015/16 capital budget of                 £66m be approved. Including new allocations of capital receipt funding as follows:

§     £0.036m for works to a shop unit at Shoplatch.

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 as detailed in Appendix 1/Table 4 be approved.

iii)           That the expenditure to date of £5.7m, representing 9% of the revised capital budget for 2016/17, with 25% of the year having elapsed, be accepted.

The Leader presented the report that detailed the current position for the Council’s 2016/17 to 2019/20 capital programme taking into account the latest monitoring information on the progress of schemes and any necessary budget changes and re-profiling of budgets between 2016/17 and future years.

RESOLVED:

i)              That net budget variations of £4.4m to the 2016/17 capital programme, detailed in Appendix 1/Table 1 and the re-profiled 2015/16 capital budget of                  £66m be approved. Including new allocations of capital receipt funding as follows:

§     £0.036m for works to a shop unit at Shoplatch.

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 as detailed in Appendix 1/Table 4 be approved.

iii)           That the expenditure to date of £5.7m, representing 9% of the revised capital budget for 2016/17, with 25% of the year having elapsed, be accepted.