Issue - meetings

To consider the report of the Head of Treasury Services.

Scrutiny Committee – Resources considered the report at its meeting on 22 June 2011 and comments will be reported.

(Report circulated)

The report of the Head of Treasury Services was submitted, advising Members of the overall financial performance of the Council for the 2010/11 financial year, in respect of the annual capital programme. The report also sought approval of the 2011/12 revised capital programme, including commitments carried forward from 2010/11.

The Head of Treasury Services identified the main variances and achievements in the programme and undertook to respond to Councillors on a number of queries in relation to specific projects.   Members were pleased to note that 79.8% of the total approved expenditure for 2010/11 had been achieved representing an increase on the 64.8% actual expenditure achieved in 2009/10.

Scrutiny Committee – Resources considered the report at their meeting of 22 June 2011 and their support and comments were noted.

Executive recommended that Council approves:-

(1)        the overall financial position for the 2010/11 annual capital programme; and

(2)        the amendments to the Council’s annual capital programme for 2011/12.

The report of the Head of Treasury Services was submitted, advising Members of the overall financial performance of the Council for the 2010/11 financial year, in respect of the annual capital programme. The report also sought approval of the 2011/12 revised capital programme, including commitments carried forward from 2010/11.

The Head of Treasury Services identified the main variances and achievements in the programme and undertook to respond to Councillors on a number of queries in relation to specific projects.   Members were pleased to note that 79.8% of the total approved expenditure for 2010/11 had been achieved, representing an increase on the 64.8% actual expenditure achieved in 2009/10.

Scrutiny Committee – Resources considered the report at their meeting of 22 June 2011 and their support and comments were noted.

RECOMMENDED that Council approves:-

(1)        the overall financial position for the 2010/11 annual capital programme; and

(2)        the amendments to the Council’s annual capital programme for 2011/12.

(Report circulated)

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

The Head of Treasury Services presented the report advising Members of the overall financial performance of the Council for the 2010/11 financial year, in respect of the annual capital programme, and seeking approval of the 2011/12 revised capital programme, including commitments carried forward from 2010/11.

Members were informed that the capital expenditure in the year amounted to £22,335,187, a reduction of £5,666,803 on the planned figure of £28,001,990 and the actual expenditure during 2010/11 represented 79.8% of the total approved for the revised Capital Programme. This was in comparison to 2009/10 when the capital expenditure was equivalent to 64.8%.

The Head of Treasury Services advised of the main achievements and variances.

The Scrutiny Committee – Resources noted the report and recommended that Council approves the:

(1)        overall financial position for the 2010/11 annual capital programme; and

(2)        amendments to the Council’s annual capital programme for 2011/12.

(Report circulated)