Issue - meetings

A report of the Director of Finance and Corporate Resources is attached.

(Key decision – reference number 2012)

(Report No. 161)

Councillor Lavender introduced the report of the Director of Finance and Corporate Resources (No. 161) informing Members of the current position regarding the Council’s 2006 to 2011 capital programme taking into account the latest monitoring information on the progress of schemes. It also reported on the current position in respect of the prudential indicators approved by Council on 22 February 2006.

Alternative Options considered:

None stated in the report.

DECISIONS:

1.         To note the outcome of the second quarter’s capital monitoring and review exercise for the current year; and

2.         To note the position regarding the Council’s prudential indicators and that no revisions to the indicators are required at this stage.

3.         to confirm that the following variations to projects  (identified in paragraph 4) be included in the capital programme:

Galliard Children’s centre £750k to be funded from reductions in other uncommitted education programmes.

ALMO Accommodation £2,440k to be funded from HRA resources

4.         That Education, Children’s Services and Leisure be asked to fund the potential overspend of  £37k from within their own programme budget. (See paragraph 4.4)

Reasons:

To maintain a prudent view of capital resources available and allow time to review the best possible use of them in the light of Council objectives to finance future capital developments.

(Key decision – reference number 2012)