Issue - meetings

As detailed in the recommendations.

The Corporate Finance Manager presented the report on Capital Programme Monitoring 2016/17 (Month 4).  The report summarised changes made to the Capital Programme 2016/17 since it was set in February 2016 to the end of Month 4 (July 2016), along with expenditure to date and projected outturn.

            Changes during the period had resulted in a net increase in the programme total of £5.863M (Council Fund £3.768M, Housing Revenue Account £2.095M), full details of which were detailed in the report.

            As at Month 4 Early Identified Rollover (EIR) of £0.067M had been identified which reflected reviewed spending plans across all programme areas.  Three additional pressures totalling £0.910M had been approved since the budget was set.  Additional IT data storage (£0.590M) and remedial works at closed landfill sites (£0.250) which were approved at Cabinet in July 2016 whilst a further £0.070M for target hardening works had been approved under delegated powers.

            The repot had been discussed at Corporate Resources Overview and Scrutiny Committee the previous week with no issues being identified.

RESOLVED:                                                                            

(a)       That the report be approved;

(b)       That the rollover adjustments be approved; and

(c)        That the request for additional resources be approved.