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)

(a)  That approval be given to the net budget variations of £3m to the 2014/15 capital programme, detailed in Appendix 1/Table 1 and the re-profiled 2014/15 capital budget of £66.6m. Including new allocations of capital receipt funding as follows:

·         Acquisition - Former Oswestry Health Centre £340,900.

(b)  That approval be given to the re-profiled capital budgets of £51.5m for 2015/16 and £31.2m for 2016/17 and £19.8m for 2017/18 as detailed in Appendix 1/Table 4.

(c)  That the expenditure to date of £34.4m, representing 51.6% of the revised capital budget for 2014/15, with 75% of the year having elapsed, be accepted.

90.1    The Portfolio Holder for Finance, Resources and Support presented a report by the Head of Finance, Governance and Assurance – copy attached to the signed minutes – on the current position for the Council’s 2014/2015 to 2017/2018 capital programme taking 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 2014/2015 and future years.

90.2    RESOLVED:

(a)  That approval be given to the net budget variations of £3m to the 2014/15 capital programme, detailed in Appendix 1/Table 1 and the re-profiled 2014/15 capital budget of £66.6m. Including new allocations of capital receipt funding as follows:

·         Acquisition - Former Oswestry Health Centre £340,900.

(b)  That approval be given to the re-profiled capital budgets of £51.5m for 2015/16 and £31.2m for 2016/17 and £19.8m for 2017/18 as detailed in Appendix 1/Table 4.

(c)  That the expenditure to date of £34.4m, representing 51.6% of the revised capital budget for 2014/15, with 75% of the year having elapsed, be accepted.