Issue - meetings
Quarter 1 2017/18 Capital Budget Monitoring
Meeting: 10/10/2017 - EXECUTIVE (Item 64)
64 June 2017 Quarter 1 Capital Budget Monitoring Forecast Outturn Report PDF 45 KB
The report sets out the Capital projected outturn for 2017/18 as at the end of June 2017.
Additional documents:
Decision:
1. That the gross forecast outturn of £103.6M, excluding HRA but including deferred spend from 2016/17, which is currently below the approved budget by £7.0M (£11.8M below last year against a higher budget of £124.6M), be noted. The net forecast is £3.2M below budget (£5.1M above budget last year).
2. That a virement of £3.102M (gross and net) from the Thorn Turn Waste Park Scheme to the Highways South Depot Scheme, both within Community Services be approved.
Minutes:
The Executive considered a report from the Deputy Leader and Executive Member for Corporate Resources that set out the capital forecast outturn for quarter 1 in 2017/18.
Reason for decision: To maintain rigour and transparency through the Executive’s regular public monitoring of the capital budget.
RESOLVED
1. that the gross forecast outturn of £103.6M, excluding HRA but including deferred spend from 2016/17, which was currently below the approved budget by £7.0M (£11.8M below last year against a higher budget of £124.6M), be noted. The net forecast was £3.2M below budget (£5.1M above budget last year); and
2. that a virement of £3.102M (gross and net) from the Thorn Turn Waste Park Scheme to the Highways South Depot Scheme, both within Community Services be approved.
The decision was unanimous.