Issue - meetings

Capital Monitoring Statement to December 2016

Meeting: 11/04/2017 - Executive (Item 49)

49 Capital Monitoring Statement to 31 December 2016 pdf icon PDF 146 KB

To consider the report of the Assistant Director Finance.

 

Corporate Services Scrutiny Committee considered the report at its meeting on 23 March 2017 and its comments will be reported.

 

Additional documents:

Decision:

Agreed

 

 

That it is recommended that Council approve notes and approves the revision of the annual capital programme to reflect the reported variations as detailed in 8.4 and 8.5 of the circulated report.

 

Reason for Decision:

 

As set out in the report.

 

Minutes:

The Technical Accounting Manager presented the report on the current position in respect of the Council’s revised annual capital programme and advising Members of the anticipated level of deferred expenditure into future years. The report also sought Member approval to amend the annual capital programme in order to reflect the reported variations.

 

The Technical Accounting Manager advised that major schemes including the Leisure Complex and Bus Station project and the St Loyes Extra Care Scheme had not been spent in this financial year and would be included in the next financial year.

 

Corporate Services Scrutiny Committee considered the report at its meeting on 23 March 2017 and its comments were reported.

 

RECOMMENDED that Council notes and approves the revision of the annual capital programme to reflect the reported variations as detailed in 8.4 and 8.5 of the circulated report.

 


Meeting: 23/03/2017 - Corporate Services Scrutiny Committee (Item 18)

18 Capital Monitoring Statement to December 2016 pdf icon PDF 146 KB

To consider the report of the Assistant Director Finance.

 

Additional documents:

Minutes:

The Assistant Director Finance presented the report on the Capital Monitoring Statement which advised Members on the current position of the Council’s revised annual capital programme and the expected future deferred expenditure. He advised that the report required approval from Members to amend the annual capital programme in order to reflect the variations.

 

The Assistant Director Finance discussed the performance of the revised capital programme and reported the revised capital programme for the current financial year.

 

The Council had spent £5.956 million of the revised programme. He commented that major schemes had not been spent in this financial year and would be included in the next financial year. The schemes would be reviewed to ensure they could be delivered in 2017/18. He noted the spend would normally be a lot higher for this time of year.

 

The Assistant Director Finance commented on the approved budgets for 2017/18 with the 2016/17 budget to be carried forward to 2017/18 and beyond which required Executive and Council to consider for approval.

 

The Chair commented that he had spoken with the Deputy Chief Executive who suggested that resource concerns would need to be raised to him to reduce impact on delivery.

 

In response to Members’ questions, the Assistant Director Finance explained that normally the Council had spent around 50% percent of the programme after three quarters. If schemes were deemed to be viable, they would be checked to ensure they could be delivered and be added into the next financial year. Profiling had to improve to provide Members with realistic expectations.

 

Corporate Services Scrutiny Committee supported the report and requested Executive to recommend to Council to approve the revision of the annual capital programme to reflect the reported variations detailed in Expenditure Variances and Schemes to be deferred to 2017/18 and beyond.