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