Issue - meetings

Issue - meetings

Quarter 1 2017/18 Capital Budget Monitoring

Meeting: 10/10/2017 - EXECUTIVE (Item 64)

64 June 2017 Quarter 1 Capital Budget Monitoring Forecast Outturn Report pdf icon PDF 45 KB

 

The report sets out the Capital projected outturn for 2017/18 as at the end of June 2017.

Additional documents:

Decision:

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.

Minutes:

 

The Executive considered a report from the Deputy Leader and Executive Member for Corporate Resources that set out the capital forecast outturn for quarter 1 in 2017/18. 

 

Reason for decision:  To maintain rigour and transparency through the Executive’s regular public monitoring of the capital budget.

 

RESOLVED

 

1.      that the gross forecast outturn of £103.6M, excluding HRA but including deferred spend from 2016/17, which was 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 was £3.2M below budget (£5.1M above budget last year); and

 

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.

 

The decision was unanimous.