Issue - meetings

To consider a report of the Assistant Director (Finance).

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.