4 Capital Monitoring - Outturn 2016/17 PDF 794 KB
To consider a report of the Assistant Director (Finance).
Minutes:
Consideration was given to a report of the First Deputy (Performance and Finance) / Assistant Director (Finance) summarising the capital monitoring position at 31 March 2017. The report showed projected capital investment of £35.328 million in 2016/17. This was £15.830 million less than the total programmed spend for the year (£51.158 million). Re-profiling of £12.929 million into the next financial year was therefore proposed.
Details of the projected outturn capital investment were shown by service area and Section 3 of the report referred to the most significant scheme variations.
Particular reference was also made to the changes to the approved 3 year capital programme, capital receipts and prudential indicators.
RESOLVED
(i) That the re-profiling to reflect up to date investment profiles is approved;
(ii) That the revised capital programme (including changes) is approved;
(iii) That the capital financing statement for 2016/17 is approved;
(iv) That the 2016/17 capital outturn position be noted;
(v) That the current position in regards to Compulsory Purchase Orders (CPO’s) and indemnities is noted; and
(vi) That the capital receipts position is noted.