Issue - meetings

A report from the Deputy Leader of the Council and Cabinet Member for Finance and Housing is attached.

The Deputy Leader and Cabinet Member for Finance and Housing submitted a report providing details of:

·       The capital outturn figures in respect of the last financial year 2014/2015;

·       Major variances between the Revised Estimate and the Outturn;

·       The financing of the Capital Programme in 2014/2015;

·       Re-profile of budgets/allocations and slippage of funding into 2015/2016; 

·       Details of the capital receipts realised during the year.

It was agreed:

That the report be noted.

The Deputy Leader and Cabinet Member for Finance and Housing submitted a report providing details of:

·         The capital outturn figures in respect of the last financial year 2014/2015;

·         Major variances between the Revised Estimate and the Outturn;

·         The financing of the Capital Programme in 2014/2015;

·         Re-profile of budgets/allocations and slippage of funding into 2015/2016; 

·         Details of the capital receipts realised during the year.

Delegated decisions:

1.   That the final Capital Outturn for 2014/2015 and explanations for major variances as detailed in Appendix A and report submitted be noted.

2.    That the financing of the Capital Programme in 2014/15 as referred to  in Paragraph 3.5 of the report submitted be noted.

3.   That approval be given to the re-profiled/slippage requests and associated funding into 2015/2016 as referred to in Appendix B of the report submitted.

4.   That the level of Capital Receipts realised in year and proposed use of the sites disposed of during the year as referred to in Appendix C of the submitted be noted.

Reason for the decision:

The successful management of capital investment in the Borough supports the delivery of all of the Council’s Aims and Objectives.    

Other option considered and rejected:

To reject the recommendations.