Issue - meetings
CAPITAL FINANCIAL MONITORING FOR THE PERIOD TO THE END OF SEPTEMBER 2018
Meeting: 20/11/2018 - Cabinet (Item 25)
25 CAPITAL FINANCIAL MONITORING FOR THE PERIOD TO THE END OF SEPTEMBER 2018 
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Report of the Cabinet Member for Finance and
Customer Experience informing Cabinet of any major changes in the
overall General Fund and Housing Revenue Account (HRA) capital
programme for the period 2018/19 to 2022/23, highlighting the
changes in the programme since the last reported position to
Cabinet in September 2018. The report also notes the major forecast
variances against the approved estimates.
Additional documents:
Minutes:
On consideration of the report of the Cabinet Member for Finance, Cabinet noted the following:
i) the revised General Fund Capital Programme, which totals £167.42M as detailed in paragraph 44 and table 6 and the associated use of resources in table 7.
ii) the revised HRA Capital Programme, which totals £184.90M as detailed in paragraph 44 and table 6 and the associated use of resources in table 7.
iii) that the overall forecast position at Quarter 2 is £133.45M, resulting in a potential underspend of £7.22M, as detailed in paragraph 12, table 3, and Appendix 1.
iv) that the capital programme remains fully funded up to 2022/23 based on the latest forecast of available resources although the forecast can be subject to change; most notably with regard to the value and timing of anticipated capital receipts and the use of prudent assumptions of future government grants to be received.
v) that £0.67M has been added to the programme with approval to spend, under delegated powers. These additions are detailed in tables 1 and 2 and paragraphs 6-11.