Issue - meetings

Report of the Cabinet Member for Finance seeking to inform Cabinet of any major changes in the overall General Fund Capital Programme for the period 2016/17 to 2020/21, highlighting the changes in the programme since the last reported outturn position to Council in July 2016, attached.

DECISION MADE: (CAB 16/17 17554)

On consideration of the report of the Cabinet Member for Finance, Cabinet agreed the following:

(i)  To note the revised General Fund Capital Programme 2016/17 to 2020/21, which totals £145.42M (as detailed in paragraph 4) and the associated use of resources.

(ii)  To note that £0.28M has been added to the overall programme, with approval to spend, under delegated powers (£0.26M 2016/17 and £0.02M 2017/18). These additions are detailed in paragraph 6 and Appendix 2.

(iii)  To note that £0.63M has been removed from the overall programme, as detailed in paragraph 6 and Appendix 2.

(iv)  To note that £0.01M has been rephased from 2017/18 to 2016/17 within the Transport portfolio, as detailed in paragraph 11 and Appendix 3.

(v)  To note that the revised General Fund Capital Programme is based on prudent assumptions of future Government Grants to be received.

(vi)  To note the changes to the programme, as summarised in Appendix 2 and described in detail in Appendix 3.

(vii)  To note that the forecast position at Quarter 1 is £121.18M, resulting in a potential underspend of £24.24M, as detailed in paragraph 13 and Appendix 4.