Decision details

(Minute 109)

The report of the Head of Treasury Services was submitted, setting out the current position in respect of the Council’s annual capital programme and advising Members of the anticipated variations. The Prudential Code for Capital Finance in Local Authorities required the monitoring of performance against the prudential indicator for capital expenditure and the highlighting of significant deviations from expectations.   

The Head of Treasury Services reported that the capital programme for the current financial year is £23,167,730 and that it was projected that £7.3 million of the programme would need to be carried forward into future years.  He identified the main variances and achievements in the programme. 

Scrutiny Committee – Resources considered the report at their meeting of 23 November 2011 and their comments were noted.

Executive recommended that Council:-

(1)        notes the current position in respect of the annual capital programme; and

(2)        approves the amendments to the Council’s annual capital programme outlined in Appendix 2 of the report.