Issue - meetings

As detailed in the recommendations.

The Corporate Finance Manager introduced the Capital Programme Monitoring 2017/18 (Month 4) report.

                        Table 1 in the report showed how the programme had changed during 2017/18 with more detailed information relating to each Portfolio being appended to the report. 

                        Carry forward requests were detailed in the report as was an additional allocation due to a landslip on the B5101 in Ffrith.

                        The final outturn surplus from 2016/17 was £4.688m of which £3.567m was allocated to schemes in 2017/18.  Schemes put forward for the years 2017/18 – 2019/20 showed a potential shortfall in funding of £3.187m.  Actual in year receipts as at Month 4 amounted to £1.499m.

                        Whilst all funding for 2017/18 schemes was in place, taken as a whole this indicated that there was still a shortfall in the total programme (2017/18 – 2019/20) of £0.566m.  The options for funding this were kept flexible and included a combination of future capital receipts, alternative grants, prudential borrowing or phasing schemes over several years.  This would be closely monitored and updates would be included in future monitoring reports.

RESOLVED:

(a)       That the overall report be approved;

(b)       That the carry forward adjustments be approved; and

(c)        That the additional allocation be approved.