Decision details

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 of the anticipated variations. In accordance with the Prudential Code for Capital Finance in Local Authorities, it is necessary to monitor performance against the prudential indicator for capital expenditure and highlight significant deviations from expectations.

The Head of Treasury Services reported that £1.4 million of this year’s Capital Programme of £25,307,040, would need to be carried forward into future years, as detailed in the report.  During the first six months of the current financial year, 23.8% of the revised Capital Programme had been spent compared with 19.6% in the first six months of the previous year.

Scrutiny Committee – Resources considered the report at their meeting of 25 November 2009 and their comments and support were noted.

Executive recommended that:-

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

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