Issue - meetings

Capital Monitoring Statement

 

 

Meeting: 09/10/2018 - Executive (Item 102)

102 2018/19 Capital Monitoring Statement - Quarter 1 pdf icon PDF 88 KB

To consider the report of the Chief Finance Officer.

 

Corporate Services Scrutiny Committee considered the report at its meeting on 27 September 2018 and its comments will be reported.

 

Additional documents:

Decision:

Agreed

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

 

Reason for Decision:

 

As set out in the report.

 

Minutes:

The Chief Finance Officer presented the report on the current position in respect of the Council’s revised annual capital programme and advised 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.

 

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

 

Meeting: 27/09/2018 - Corporate Services Scrutiny Committee (Item 39)

39 Capital Monitoring Statement pdf icon PDF 88 KB

To consider the report of the Chief Finance Officer.

 

 

Additional documents:

Minutes:

The Chief Finance Officer presented the report which advised Members of the current position of the Council’s revised annual capital programme and the anticipated level of deferred expenditure into future years. Member approval was required to amend the capital programme in order to reflect the reported variations. Local authorities were required to estimate the total of capital expenditure that it expected to incur during the financial year and that due to variations, delays and changing specifications, it was a significant source of risk and uncertainty and was updated every three months to manage the risks.

                        

He discussed the revisions to the Capital Programme since the last report to Corporate Services Scrutiny Committee on 28 June 2018, highlighting that the revised programme for the current financial year was £39.498 million and that the Council had spent only £1.743 million of the revised programme in the first quarter although this was an improvement to the previous year.

 

He referred Members to the schemes that would be deferred to 2019/20 and beyond, stating that the schemes had only been delayed, rather than cancelled. The proposed 2018/19 budget would be carried forward into 2019/20 and would require approval from Executive and Council.

 

Corporate Services Scrutiny Committee noted the report and requested Executive and Council approve the following:-

 

(1)  The revision of the annual capital programme to reflect the reported variations detailed in the report 8.4 and 8.5.