Issue - meetings

A report from the Cabinet Member for Finance and Housing is attached.

Appendix A attached

Appendix A attached

Appendix B attached

Appendix C Attached

Steve Kenyon, Interim Executive Director of Resources and Regulation submitted a report from the Cabinet Member for Finance and Housing.

The report provided Members with details of:

·         The capital outturn figures in respect of the last financial year 2017/18;

·         Major variances between the Revised Estimate and the Outturn;

·         The financing of the Capital Programme in 2017/18;

·         Re-profile of budgets/allocations and slippage of funding into 2018/19; 

·         Details of the capital receipts realised during the year.

Those present were given the opportunity to ask questions and make comments and the following points were raised:

·         Councillor Hankey referred to 3.5 of the report and asked what the £4000,00 asset spend related to.

It was explained that this was in relation to IT systems.

It was agreed:

1.   That the final capital outturn for 2017/2018 and explanations for major variances be noted.

2.   That the financing of the Capital Programme in 2017/18be noted.

3.   That the Committee consider and recommend for approval the re- profiled/slippage requests and associated funding into 2018/2019.

4.  That the level of Capital Receipts realised in year and proposed use of the sites disposed of during the year be noted.

A report from the Cabinet Member for Finance and Housing, Cllr O’Brien is attached.

The Cabinet Member for Finance and Housing submitted a report setting out details of:

• The capital outturn figures in respect of the last financial year 2017/18;
• Major variances between the Revised Estimate and the Outturn;
• The financing of the Capital Programme in 2017/18;
• Re-profile of budgets/allocations and slippage of funding into 2018/19; 

Details of the capital receipts realised during the year.

Delegated decision:

  Members agreed to:

a)     Note the final capital outturn for 2017/2018, and explanations for major variances

b)     Note the financing of the Capital Programme in 2017/18

c)     Consider and recommend for approval the re- profiled/slippage requests and associated funding into 2018/2019

d)    Note the level of Capital Receipts realised in year             and proposed use of the sites disposed of during the year

Reason for the decision:

Capital expenditure has been incurred in accordance with the agreed Capital Programme. This links the expenditure with the objectives of the Council and the Capital Strategy.  The Programme has been financed in a way that optimises to the maximum the resources available, including the prudent use of capital receipts.