Issue - meetings

To consider the report of the Head of Treasury Services.

Scrutiny Committee – Resources considered the report at their meeting on 25 November 2009 and their comments will be reported.

(Report circulated)

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.

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.

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.

(Report circulated)

To consider the report of the Head of Treasury Services - report circulated

The Head of Treasury Services presented the report setting out the current position in respect of the Council’s annual capital programme and advised Members of the anticipated variations.

Members were informed that the capital programme for the current financial year was £25,307,040.  It was projected that £1.4 million of the programme would need to be carried forward into future years. During the first six months of the current financial year the Council spent £6,013,431 of the 2009/10 Capital Programme. This equated to 23.8% of the revised Capital Programme being spent in the first six months of 2009/10, this was slightly higher than the 19.6% that had been spent in the first six months of 2008/09.

In response to Members’ questions, the Director Community and Environment stated that the Housing Revenue Account budget for upgrading Council roads and footpaths was a small residual sum rolled over from the previous years programme of re-surfacing garage forecourts. The budget was deleted and the funds transferred would help to ease overspends in the responsive maintenance budget. The budget could be reinstated should the need arise. Regular surveys were undertaken to identify asbestos although additional areas where asbestos was present were sometime uncovered during routine maintenance work and when this happened the problem had to be addressed immediately.

The Scrutiny Committee - Resources:-

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

(2)        requested Executive to amend the Council’s annual capital programme as outlined in Appendix 2 of the report.

(Report circulated)