To report the quarter 2 capital budget monitoring 2018/19 report.

1.         That the capital gross forecast outturn position is a spend of £87.7M (£63.2M in 2017/18), demonstrating the continued significant capital investment made by Central Bedfordshire to support its community.

2.         That the forecast overspend on the Highways Depot South/Highways Structural Maintenance that will be confirmed in the outturn report, be noted.

The Executive considered a report from the Deputy Leader and Executive Member for Corporate Resources that set out the capital forecast outturn position as at December 2018.

Reason for decision:  To facilitate effective financial management and planning.

RESOLVED

1.      that the capital gross forecast outturn position was a spend of £87.7M (£63.2M in 2017/18), demonstrating the continued significant capital investment made by Central Bedfordshire to support its community; and

2.      that the forecast overspend on the Highways Depot South/Highways Structural Maintenance that would be confirmed in the outturn report, be noted.