Issue - meetings

To consider the report of the Assistant Director Finance.

Scrutiny Committee – Resources considered the report at its meeting on 21 November 2012 and comments will be reported.

(Report circulated)

(Minute 120)

The report of the Assistant Director Finance was submitted, reporting the current position in respect of the Council’s revised annual capital programme and advising members of the anticipated level of deferred expenditure into future years. The report sought approval to amend the annual capital programme in order to reflect the reported variations.

The Assistant Director reported that, during the first six months of the year, the Council had spent £6.515 million of the programme which equated to 26.6% of the revised capital programme of £24.484million.  A total spend of £19.665 was forecast for 2012/13 with £1.4 million potentially to be deferred to the following year and £3.609 million proposed for deletion.

Executive supported the programme including the requests for additional expenditure in relation to No 6 Greenhouse at Belle Isle Nursery and City Centre Enhancement/ King William Street Car Park.  Members were informed that the expenditure of £17,500 at the Greenhouse related to the replacement of glass sheets with polycarbonate for safety reasons.

Scrutiny Committee – Resources considered the report at the meeting on 21 November and the comments and support of members were noted.

Executive recommended to Council to:-

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

(2)     approve an additional budget of £17,500 in the 2012-13 General Fund Capital Programme for the replacement of the glass panes in No. 6 Greenhouse, Belle Isle Nursery;

(3)     approve an additional budget of £254,000 in the 2012-13 General Fund Capital Programme for the additional works in London Inn Square; and

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

The report of the Assistant Director Finance was submitted, reporting the current position in respect of the Council’s revised annual capital programme and advising members of the anticipated level of deferred expenditure into future years. The report sought approval to amend the annual capital programme in order to reflect the reported variations.

The Assistant Director reported that, during the first six months of the year, the Council had spent £6.515 million of the programme which equated to 26.6% of the revised capital programme of £24.484million.  A total spend of £19.665 was forecast for 2012/13 with £1.4 million potentially to be deferred to the following year and £3.609 million proposed for deletion.

Executive supported the programme including the requests for additional expenditure in relation to No 6 Greenhouse at Belle Isle Nursery and City Centre Enhancement/ King William Street Car Park.  Members were informed that the expenditure of £17,500 at the Greenhouse related to the replacement of glass sheets with polycarbonate for safety reasons.

Scrutiny Committee – Resources considered the report at the meeting on 21 November and the comments and support of members were noted.

RECOMMENDED to Council to:-

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

(2)     approve an additional budget of £17,500 in the 2012-13 General Fund Capital Programme for the replacement of the glass panes in No. 6 Greenhouse, Belle Isle Nursery;

(3)     approve an additional budget of £254,000 in the 2012-13 General Fund Capital Programme for the additional works in London Inn Square; and

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

(Report circulated)

To consider the report of the Assistant Director Finance – report circulated

The Assistant Director Finance presented the report advising of the current position in respect of the Council’s revised annual capital programme and of the anticipated level of deferred expenditure into future years.

Members were advised that the revised capital programme for the current financial year was £24.484 million.  During the first six months of the year the Council spent £6.515 million on the programme, which equated to 26.60% of the revised programme.  This compared with £5.516 million (23.80%) being spent in the first six months of 2011/12. The current programme showed a total forecast spend for 2012/13 of £19.665 million with £1.400 million of the programme potentially deferred to 2013/14.  A further £3.609 million worth of General Fund schemes were being proposed for deletion from the programme.

The Strategic Director stated that it was proposed to use 22 St David’s Hill to accommodate the administration function for the rough sleepers service.

The Scrutiny Committee – Resources noted the current position in respect of the revised annual Capital Programme and recommended its approval by Council.

(Report circulated)