Decision details

Decision details

June 2016 Quarter 1 Capital Budget Monitoring Provisional Outturn Report

Decision Maker: EXECUTIVE

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes


The report sets out the Capital financial position for 2016/17 as at the end of June 2016. It excludes the Housing Revenue Account (HRA) which is subject to a separate report.


1.      To note that the approved budget, excluding HRA, but including deferred spend from 2015/16 (approved by Executive in June 2016) is £124.6M (gross).  The gross forecast is below budget by £11.8M (£11.0M last year against a higher budget of £139.2M).  The net forecast is £5.1M over budget due to less forecast grant receipts than budgeted.

2.      To note that action to reduce the net forecast overspend is currently being reviewed.        

Report author: Denis Galvin

Publication date: 13/10/2016

Date of decision: 11/10/2016

Decided at meeting: 11/10/2016 - EXECUTIVE

Effective from: 21/10/2016

Accompanying Documents: