Issue - items at meetings - KD 4923 - Capital Outturn Report 2018/19

Issue - meetings

KD 4923 - Capital Outturn Report 2018/19

Meeting: 17/07/2019 - Cabinet (Item 5)

5 Capital Outturn Report 2018/19 pdf icon PDF 300 KB

A report from the Executive Director – Resources is attached. (Key decision – reference number 4923)

(Report No.40)

(7.25 – 7.30 pm)

Minutes:

Councillor Mary Maguire (Cabinet Member for Finance and Procurement) introduced the report of the Executive Director – Resources (No.40) detailing the outturn position of the Council’s 4-year Capital Programme as at the end of 2018/19.

 

NOTED

 

1.            That the actual outturn position of the Council’s 4-year capital programme was £188.7m, as set out in the report.

 

2.            That the capital programme demonstrated the Council’s investment in the Borough. The Capital Programme had been approved previously by Council in February 2019. A number of major projects had received capital investment as set out in detail in the report.

 

3.            A discussion took place on the major projects, including the new train station at Meridian Water which was significant in unlocking the potential of Meridian Water through such investment in infrastructure and the public realm. It was also important in the development of the future phases of Meridian Water.

 

4.            The investment in Durants School, as set out in the report. The current school would close at the end of the term for the works to take place, and pupils relocated to the new site at Minchenden. Once the work had been completed on Durants School there would be provision for 120 SEN pupil places. Members were advised of the grant funding received for this work. There would be no impact on the Council’s borrowing requirements. The resulting revenue savings through the provision of additional SEN places in Borough were noted.

 

Alternative Options Considered: Not relevant in the context of this report.

 

DECISION: The Cabinet agreed to note:

 

1.            The Capital outturn, as detailed in table 2 of the report.

 

2.            The project outcomes detailed in section 5 of the report.

 

3.            Additions to the programme since the last monitor in Period-8.

 

4.            The funding of the Council’s capital expenditure for 2018/19 detailed in Table 5 of the report.

 

Reason: To ensure that Members were aware of the Capital outturn position for the authority.

(Key decision – reference number 4923)