Issue - meetings
Capital Monitor 2014/15 Period 3
Meeting: 30/07/2014 - Cabinet (Item 26)
26 Capital Monitor 2014/15 Period 3 PDF 156 KB
Lead Member – Mr Mike Owen, Portfolio Holder for Finance, Resources and Support.
Report of the Head of Finance, Governance and Assurance (Section 151 Officer) is to follow.
Contact – James Walton (01743 255011)
Additional documents:
Decision:
(a) That approval be given to the net budget variations of £0.5m to the 2014/15 capital programme, detailed in Appendix 1/Table 1 and the re-profiled 2014/15 capital budget of £70.9m.
(b) That approval be given to the re-profiled capital budgets of £18.3m for 2015/16 and £5,4m for 2016/17 as detailed in Appendix 1/Table 4.
(c) That Council be recommended to approve the budget increases for new external funding of £2.24m in additional Highways Maintenance funding from the Department of Transport for expenditure in 2014/15 and an additional £1.5m grant for BDUK for the current Broadband Project.
(d) That the expenditure to date of £5.7m, representing 8.1% of the revised capital budget for 2014/15, with 25% of the year having elapsed, be accepted.
Minutes:
26.1 The Portfolio Holder for Finance, Resources and Support presented a report by the Head of Finance, Governance and Assurance (Section 151 Officer) – copy attached to the signed minutes – on the current position for the Council’s 2014/15 to 2017/18 capital programme which took into account the latest monitoring information on the progress of the schemes, any necessary budget increases and decreases and the re-profiling of budgets between 2014/15 and future years.
26.2 RESOLVED:
(a) That approval be given to the net budget variations of £0.5m to the 2014/15 capital programme, detailed in Appendix 1/Table 1 and the re-profiled 2014/15 capital budget of £70.9m.
(b) That approval be given to the re-profiled capital budgets of £18.3m for 2015/16 and £5,4m for 2016/17 as detailed in Appendix 1/Table 4.
(c) That Council be recommended to approve the budget increases for new external funding of £2.24m in additional Highways Maintenance funding from the Department of Transport for expenditure in 2014/15 and an additional £1.5m grant from BDUK for the current Broadband Project.
(d) That the expenditure to date of £5.7m, representing 8.1% of the revised capital budget for 2014/15, with 25% of the year having elapsed, be accepted.