Issue - items at meetings - KD 4154 Capital Monitoring Report: September 2015

Issue - meetings

KD 4154 Capital Monitoring Report: September 2015

Meeting: 16/12/2015 - Cabinet (Item 8)

8 Capital Programme Monitor Second Quarter September 2015 Budget year 2015-16 pdf icon PDF 529 KB

A report from the Director of Finance, Resources and Customer Services is attached. This informs Members of the current position up to the end of September 2015. (Key decision – reference number 4154)

(Report No.134)

(8.40 – 8.45 pm)

Minutes:

Councillor Andrew Stafford (Cabinet Member for Finance and Efficiency) introduced the report of the Director of Finance, Resources and Customer Services (No.134) informing Members of the current position up to the end of September 2015 regarding the Council’s Capital Programme (2015-19).

 

NOTED

 

1.               That the overall approved expenditure was projected to be £193.6m for the General Fund and £55.8m for the HRA for 2015/16.

 

2.               The updates to the proposed 2015/16 capital budget, as set out in section 4 of the report, covering additions to the programme, updated project expenditure profiles and scheme reductions.

 

3.               Councillor Stafford highlighted the key projects programmed for 2015/16 as set out in the report and the work which had been completed to date. The funding elements of the capital programme including through disposals and borrowing was outlined. The Capital programme was under continuous review and would deliver on major projects in the Borough to the benefit of local residents and the local economy.

 

Alternative Options Considered: Not applicable to this report.

 

DECISION: The Cabinet agreed

 

1.               The additions to the General Fund Capital Programme totalling £0.5m in 2015/16 (table 1 of the report referred) to be primarily funded from grants, contributions and general resources and noted that this would not materially increase capital financing costs.

 

2.               The updated four year programme including proposed reductions subject to indicative estimates included in later years (section 5 of the report referred).

 

Reason: To inform Members of the current positon regarding the Council’s Capital Programme.

(Key decision – reference number 4154)