Decision details
March 2018 Capital Budget Monitoring Outturn Report
Decision Maker: EXECUTIVE
Decision status: Recommend Forward to Council
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
To report the provisional capital outturn position for 2017/18 as at the end of March 2018 (subject to audit).
Decision:
RESOLVED
1. That the capital gross provisional outturn position, which is a spend of £63.2M (£98.7M in 2017/18) be noted, demonstrating the continued significant capital investment made by Central Bedfordshire to support its community.
2. That the net overspends between £150K and £500K as listed at Appendix B to the report, be approved.
3. That the proposed gross deferred spend of £51.5M (£30.1M net) from 2017/18 to 2018/19 as detailed at Appendix C to the report, be noted. This was approved by the Leader, Deputy Leader, Chief Executive and Director of Resources under a delegated authority given by the Executive on 3 April 2018 due to the accelerated timescale for the accounts closure.
RECOMMENDED to Council
That the net overspend be approved on:
a) Library and Leisure Centre renewal in Dunstable £1.596M (paragraph 43*)
b) Flitwick Leisure Centre Redevelopment £3.037M (paragraph 43*)
c) Woodside Link £1.101M (paragraph 49*)
d) Fleet replacement programme £0.624M (paragraph 49*).
*Appendix A to the Executive report.
Report author: Denis Galvin
Publication date: 15/06/2018
Date of decision: 12/06/2018
Decided at meeting: 12/06/2018 - EXECUTIVE
Accompanying Documents: