Issue - meetings

Capital Out-turn report

Meeting: 12/05/2009 - Cabinet (Item 40)

40 Capital Programme 2008/09 (Agenda item 9) pdf icon PDF 103 KB

Report of the Executive Member for the Governance Portfolio (Lady Kay Fisher).

Additional documents:

Minutes:

A revised Capital Programme report had been circulated.

 

Capital investment played a key role in helping the Council to achieve its long term objectives. The report showed the out-turn on capital schemes in the 2008/09 Capital Programme along with the resources used to fund the programme.

 

The Executive Member for the Governance Portfolio introduced the report and requested that Members consider the Capital Programme prior to recommendation to Council. 

 

The Assistant Director for Governance outlined the key issues contained in the report.

 

Referring to paragraph 4.1 of the report, under Planning and Building Control, the under spend of £27,500 was requested to be rolled over on a scheme by scheme basis into 2009/10 for work to be completed on the GEODSYS and TLC project.

 

In addition to items noted in section 4 of the report, there had been requests for other proposed changes to the programme including work in progress.  These schemes had been added to the 2009/10 Capital programme as it was recognised that not all schemes finished at the end of each financial year.

 

The actual capital receipts in 2008/09 (6.1 of the report) now amounted to £398,802 as more money had recently been found.

 

The Executive Member for the Transformation Portfolio and the Chairman of the Overview and Scrutiny Commission were pleased with the information presented and complimented the Finance team on a much more legible report.

 

Options

 

Members might wish to suggest alternative arrangements for amendments and associated financing to the 2008/09 Capital Programme.

 

The reason for the recommendation would ensure the Capital Programme for 2008/09 was amended along with the necessary funding.

 

RECOMMEND to Council that

 

1)           the Capital Programme for 2009/10 be approved;

 

1)           the associated financing be amended to reflect the items under paragraphs 5.1 and 5.2 of the report; and

 

2)           the funding as detailed in Appendix B of the report be approved to finance the Programme for 2008/09.