Issue - meetings
Capital Programme 2014/15 (Month 6)
Meeting: 16/12/2014 - Cabinet (Item 94)
- Enc. 1 for Capital Programme 2014/15 (Month 6), item 94 PDF 58 KB
- Enc. 2 for Capital Programme 2014/15 (Month 6), item 94 PDF 212 KB
As detailed in the recommendations.
The Corporate Finance Manager provided Members with the Month 6 (end of September) capital programme information for 2014/15 which detailed the cumulative information relating to each programme area as shown in Appendix A to the report.
Revised rollover sums of £5.830m were agreed in year as part of the quarterly reports to Cabinet and of £1.904m as part of the outturn report to Cabinet on 15 July 2014, giving a total rollover amount of £7.734m.
Changes during the period, details of which were provided in the report, had resulted in a net increase in the programme total of £1.017m (Council Fund £1.017m, Housing Revenue Account (HRA) £0.000m).
Actual expenditure at the end of September (Month 6) across the whole of the programme was £16.214m. The breakdown of expenditure was detailed in the report which showed that 36.39% of the budget had been spent across the programme (Council Fund 34.95% and HRA 40.03%).
The Early Identified Rollover of £1.373m had been identified which reflected reviewed spending plans across all programme areas. Those committed amounts had been identified as now required to meet the cost of programme works in 2015/16.
(a) That the report be noted and approved; and
(b) That the rollover adjustments outlined in paragraph 3.05.2 be approved.