Issue - meetings

To consider the report of the Assistant Director Finance.

Scrutiny Committee – Resources considered the report at its meeting on 17 September 2014 and its comments will be reported.

The report of the Assistant Director Finance was submitted to update Members on the current position in respect of the Council’s revised annual capital programme and the anticipated level of deferred expenditure into future years. Members were advised that during the first three months of the year the Council spent £1.210 million which equated to 4.89% of the revised programme, and that £1.5million was being brought forward from 2015/16 to undertake works on Rennes House car park.

Scrutiny Committee – Resources considered the report at its meeting on 17 September 2014 and the support and comments of the Members were noted.

RECOMMENDED that the Council notes and approves the current position in respect of the annual capital programme.

To consider the report of the Assistant Director Finance.

The Assistant Director Finance presented the report, advising the current position in respect of the Council’s revised annual capital programme and of the anticipated level of deferred expenditure into future years. The report also sought approval to amend the annual capital programme in order to reflect the reported variations. Details of the managed approach to the Housing Revenue Account (HRA) was set out in the report as well as receipts which brought the total brought forward in excess of £2 million.  He responded to a Member’s comment on the possibility of Section 106 monies having to be returned if they were not used in a reasonable time frame, and stated that he could only recollect such action on one or two occasions. Following a request, he would ensure that future reports contained a glossary of terms to provide an explanation of the more technical financial terms.

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