Issue - meetings

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 2016/17;

·         Major variances between the Revised Estimate and the Outturn;

·         The financing of the Capital Programme in 2016/17;

·         Re-profile of budgets/allocations and slippage of funding into 2017/18; 

·         Details of the capital receipts realised during the year.

It was agreed:

1. That the final capital outturn for 2016/2017, and  explanations for major variances be noted.

2. That the financing of the Capital Programme in 2016/17be noted.

3. That the Committee consider and recommend for approval the re- profiled/slippage requests and associated funding into 2017/2018.

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

The Cabinet Member (Finance and Housing) submitted a report providing Members with details of:

·      The capital outturn figures in respect of the last financial year 2016/17;

·      Major variances between the Revised Estimate and the Outturn;

·      The financing of the Capital Programme in 2016/17;

·      Re-profile of budgets/allocations and slippage of funding into 2017/18; 

·      Details of the capital receipts realised during the year.

Delegated decision:

1.  That the final Capital Outturn for 2016/2017, including the explanations for major variances as detailed in the report and Appendix A be noted.

2.  That the financing of the Capital Programme in 2016/17,as detailed 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 2017/2018, as detailed in Appendix B of the report submitted.

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

Reason for the decision:

The presentation of an annual report on the Capital Outturn is a requirement of the Council’s Financial Regulations, as part of the Council’s Financial Procedure Rules.

Other option considered and rejected:

To reject or amend the recommendations.