Issue - meetings

As detailed in the recommendations.

Councillor Banks introduced the report which summarised changes made to the Capital Programme 2019/20 since it was set in February 2019 to the end of Month 4 (July 2019), along with expenditure to date and projected outturn.

The Capital Programme had seen a net increase of £27.844m during the period which comprised of:

·         Net increases in the programme of £15.914m (Council Fund (CF) £15.390m, Housing Revenue Account (HRA) £0.524m); and

·         Introduction of Carry Forward from 2018/19 of £11.930m (CF £11.930m, HRA £0.000m).

Actual expenditure was £15.106m.

The Capital Programme Monitoring 2018/19 final outturn position, for the 3 year budget set in February 2018 ending in 2020/21, reflected a deficit of £1.187m.

The combined current deficit position of the Capital Programme, for the 3 year budget set in February 2019 ending in 2021/22 was £1.230m.  That was in advance of any additional capital receipts or other funding being generated in year.

RESOLVED:

            (a)       That the overall report be approved;

(b)       That the carry forward adjustments in paragraph 1.16 be approved; and

(c)        That the funding of schemes from the current ‘headroom’, re-profiling of the Disability Discrimination Act (DDA) budget be approved, and if required, funding for flooding impact on the Highway Network.