Issue - meetings

Report of the Corporate Director (Resources, Environment and Cultural Services) presenting the capital expenditure and associated capital funding at the end of Quarter 1 2019/20.

The overall position as at Quarter 1 of 2019/20 on the capital programme, and the update of the capital funding and reserves position was noted.

Report of the Corporate Director (Resources, Environment and Cultural Services) presenting the capital expenditure and associated capital funding at the end of Quarter 1 of 2019/20 and detailing the changes to the original 2019/20 capital programme and funding plans.

Within General Fund schemes further deferral of the crematorium project meant that forecast capital spend for 2019/20 was now £3.5M less than the original budget and would be re-phased into future years. This delay would obviously have an adverse impact on the 2020/21 General Fund revenue budget.

Within the Housing Revenue Account (HRA) certain capital schemes had progressed earlier than anticipated and £3.5M of expenditure had been re-profiled from future years into 2019/20.

Also within the HRA, there had been some re-categorisation within the Affordable Housing Programme capital budgets.

RESOLVED:

That the overall position as at Quarter 1 of 2019/20 of the capital programme, and the update on the capital funding and reserves position be noted.