Decision details

Capital Outturn Report 2016/17

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decisions:

The Cabinet considered a report of the Director of Finance and Resources outlining the capital programme outturn for 2016/17 and sought approval for the relevant budget carry forwards, accelerated delivery requests and in-year amendments to the current approved programme.

 

On consideration of the report and, in the light of the recent tragic incident at the Grenfell tower block, the Chairman proposed the re-profiling of £2m from the 2018/19 HRA Future Programme into the 2017/18 financial year.  This would enable the on-going programme of fire installation works to the tower blocks in the Borough to be accelerated and finished earlier than planned.

 

Recommended:

 

1. That it be noted that the expenditure on the capital programme for 2016/17 totalled £48.475m against a budget of £55.114m, a delivery of 88.0%.

 

2. That the relevant budget carry forwards and accelerated delivery requests totalling a net £5.363m, as set out in Appendices 1 and 2 to the submitted report, be approved.

 

3. That the virements, reprofiles and amendments and new external funding for schemes, as detailed in Appendices 3, 4 and 5 of the report, be noted.

 

4. That the relevant changes to the budget identified since the approved capital programme was set at Council on 23rd February 2017, as detailed in Appendix 6 to the report, be approved.

 

5. That it be noted that the above changes will result in an amended Capital Programme of £226.709m for the period 2017/18 to 2020/21, as detailed in Appendix 7 to the report.

 

6. That the re-profile of £2m from the 2018/19 HRA Future Programme budget into the 2017/18 financial year to enable the on-going programme of fire safety installation works to be accelerated, be approved.

 

Reason for Decision

 

To inform Members of the activity in 2016/17.

 

Other Options

 

None.

 

Note:- This is a Council Function

Called in to: Policy & Resources Scrutiny Committee

Executive Councillor:- Lamb

 

Report author: Caroline Fozzard

Publication date: 03/07/2017

Date of decision: 20/06/2017

Decided at meeting: 20/06/2017 - Cabinet

Effective from: 01/07/2017

Accompanying Documents:

 

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