Issue - meetings
Capital Monitor 2016/17 Quarter 2
Meeting: 09/11/2016 - Cabinet (Item 77)
77 Capital Monitoring Report Quarter 2 2016/17 
PDF 194 KB
Lead Member – Councillor Malcom Pate - Leader of the Council and Portfolio Holder for Strategy, Financial Strategy, Budget and Business Plan.
Report of the Head of Finance, Governance and Assurance [s151 Officer]
Contact: James Walton Tel: 01743 258915
Additional documents:
Decision:
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.
Minutes:
The Leader and Portfolio Holder for Strategy, Financial Strategy, Budget and Business Plan presented a report from the Head of Finance, Governance and Assurance [s151 Officer] detailing the Council’s current position on the 2016/17 to 2019/20 capital programme. A Member commented that this report was also to be considered at the next meeting of the Performance Management Scrutiny Committee.
In answer to a Member’s query, the Director of Place and Enterprise stated that the Council was in the third year of a five year LED light replacement programme and was investing £150,000 per year into this initiative.
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.