Issue - items at meetings - KD 3575 Capital Monitor Second Quarter 2012/13

Issue - meetings

KD 3575 Capital Monitor Second Quarter 2012/13

Meeting: 14/11/2012 - Cabinet (Item 7)

7 CAPITAL PROGRAMME MONITOR SECOND QUARTER SEPTEMBER 2012 - BUDGET YEAR 2012/13 pdf icon PDF 417 KB

A report from the Director of Finance, Resources and Customer Services is attached. This informs Members of the current position regarding the Council’s 2012 to 2015 capital programme taking into account the latest re-profiling information for all capital schemes. (Key decision – reference number 3575)

(Report No.100)

(8.25 – 8.30 pm)

Minutes:

Councillor Doug Taylor (Leader of the Council) introduced the report of the Director of Finance, Resources and Customer Services (No.100) informing Members of the current position regarding the Council’s 2012 to 2015 capital programme taking into account the latest re-profiling information for all capital schemes.

 

NOTED that the capital programme represented a significant level of investment. Members’ attention was drawn to section 7 of the report regarding the Capital Prudential Indicators. Any decision to amend the indicators would be reflected in the quarter three monitoring report and taken to full Council in accordance with the Council’s Constitution. The Council’s financial position remained robust.

 

Alternative Options Considered: None.

 

DECISION: The Cabinet agreed

 

1.         the re-profiled three year programme;

 

2.         the growth of the Capital Programme of £1.2m in 2012/13, the majority of which was funded by grants and contributions;

 

3.         the net reduction of the Capital programme by £8.0m in 2012/13 to reflect slippage into future years and scheme revisions.

 

Reason: To consider the current position regarding the Council’s 2012 to 2015 capital programme.

(Key decision – reference number 3575)