Issue - meetings

RESOLVED:           1)       That the outturn of the capital programme for 2018/2019 of £29,232,450 be approved.

2)       That the financing arrangements for the 2018/2019 capital programme be noted.

3)       That the revised 2018/2023 capital programme and financing as detailed in the report be approved.

Reason for Decision

To report the outturn 2018/2019 for the Capital Programme and update members on capital spending and resources for 2019/2023.

Cabinet considered a report which provided details of the outturn of the 2018/2019 capital programme and outlined amendments and rephasing to the spending on schemes, revising the programme for 2018/2023. The capital programme outturn for 2018/2019 totalled £29,232,450 (£29,857,985 including Exempt) against an approved budget of £34,353,730 (£41,238,730 including Exempt). It had been necessary to rephase a total of £5,150,630 (£11,414,470 including Exempt) of scheme costs to future years.

Useable capital receipts generated in the year totalled £19,594,403. The capital resources available to fund expenditure in 2018/2019 were detailed in section 3 of the report.

RESOLVED:           1)       That the outturn of the capital programme for 2018/2019 of £29,232,450 be approved.

2)       That the financing arrangements for the 2018/2019 capital programme be noted.

3)       That the revised 2018/2023 capital programme and financing as detailed in the report be approved.

Reason for Decision

To report the outturn 2018/2019 for the Capital Programme and update members on capital spending and resources for 2019/2023.