Issue - meetings
Period 9 (Quarter 3) – 2016/17 Capital Budget Monitoring
Meeting: 04/04/2017 - EXECUTIVE (Item 135)
135 December 2016 Quarter 3 Capital Budget Monitoring Forecast Outturn Report 
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The report sets out the Capital projected outturn for 2016/17 as at the end of December 2016.
Additional documents:
Decision:
That the gross forecast outturn of £107.8M, excluding the HRA, but including deferred spend from 2015/16 which is currently below the approved budget by £24.8M (£42.5M below last year against a higher budget of £139.2M), be noted. The net forecast is £8.5M below budget (£32.9M below last year).
Minutes:
The Executive considered a report from the Deputy Leader and Executive Member for Corporate Resources that set out the capital projected outturn for 2016/17 as at December 2016. The year to date gross spend was £21.2m below budget.
Reason for decision: To maintain rigour and transparency through the Executive’s regular public monitoring of the capital budget.
RESOLVED
that the gross forecast outturn of £107.8M, excluding the HRA, but including deferred spend from 2015/16 which was currently below the approved budget by £24.8M (£42.5M below last year against a higher budget of £139.2M), be noted. The net forecast is £8.5M below budget (£32.9M below last year).