June 2017 Quarter 1 Capital Budget Monitoring Forecast 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 projected outturn for 2017/18 as at the end of June 2017. It excludes the Housing Revenue Account (HRA) which is subject to a separate report.
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.
Report author: Denis Galvin
Publication date: 12/10/2017
Date of decision: 10/10/2017
Decided at meeting: 10/10/2017 - EXECUTIVE
Effective from: 20/10/2017