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

1.            That the gross forecast outturn of £96.8M, excluding HRA but including deferred spend from 2016/17 which was currently below the approved budget by £13.9M (£3.7M below last year against a higher budget of £132.6M) be noted.

2.            To note that the net forecast is £3.7M below budget (£2.4M below budget at the same stage last year).

The Executive considered a report from the Deputy Executive Member for Corporate Resources that set out the capital projected outturn for 2017/18 as at September 2017.

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 £96.8M, excluding HRA but including deferred spend from 2016/17 which was currently below the approved budget by £13.9M (£3.7M below last year against a higher budget of £132.6M) be noted; and

2.         to note that the net forecast was £3.7M below budget (£2.4M below budget at the same stage last year).