Issue - meetings

RESOLVED:1)       That the outturn of the capital programme for 2017/2018 of £21,564,901 be noted.

2)     That the financing arrangements for the 2017/2018 capital programme be noted.

3)     That the revised 2018/2022 capital programme and financing as detailed in the report be approved.

Reason for Decision

To report the outturn 2017/2018 for the Capital Programme and update members on capital spending and resources for 2018/2022.

Cabinet considered a report which provided details of the outturn of the 2017/2018 capital programme and outlined amendments and rephasing to the spending on schemes, revising the programme for 2018/2022.  The capital programme outturn for 2017/2018 totalled £21,564,901 against an approved budget of £29,771,350.  It had been necessary to rephase a total of £7,961,630 of scheme costs to future years.  Useable capital receipts generated in the year totalled £5,519,000.   The capital resources available to fund expenditure in 2017/2018 were detailed in section 3 of the report.

Councillor Long reminded Members of the high value capital projects which were on the Council’s books and confirmed that where they had not drawn down it would be slipped to the following year.

RESOLVED:1)       That the outturn of the capital programme for 2017/2018 of £21,564,901 be noted.

2)     That the financing arrangements for the 2017/2018 capital programme be noted.

3)     That the revised 2018/2022 capital programme and financing as detailed in the report be approved.

Reason for Decision

To report the outturn 2017/2018 for the Capital Programme and update members on capital spending and resources for 2018/2022.