Issue - meetings

That:

1)         the Capital Monitoring report for 1^st quarter of 2017/18, as set out in Appendix A to the report be noted;

2)         it be approved and noted that the overall value of the 2017/18 capital programme has increased due to the receipt of ring fenced capital grants and contribution, for:

(a)       Schools Formula Devolved Capital grant of £11k.

(b)       Home and Communities Agency, Platform for Life Programme (2015 – 2017) grant for £304k;

(c)       Wokingham Town Centre – environmental improvements contribution from Wokingham Town Council to match fund project for up to £650k.

The Executive considered a report setting out the budget monitoring position of the Capital Budget as at the end of June 2017.

The Deputy Executive Member for Finance, 21^st Century Council, Internal Services and Human Resources reported that, at the end of the first quarter, the Capital Budget was showing a nil variance.

The report also gave details of an increase in the overall value of the 2017/18 Capital Programme due to the receipt of ring fenced grants and a contribution from Wokingham Town Council towards the cost of environmental improvements in Wokingham town centre.

RESOLVED that:

1)         the Capital Monitoring report for 1^st quarter of 2017/18, as set out in Appendix A to the report, be noted;

2)         it be approved and noted that the overall value of the 2017/18 Capital Programme has increased due to the receipt of ring fenced capital grants and contribution, for:

(a)       Schools Formula Devolved Capital grant of £11k.

(b)       Home and Communities Agency, Platform for Life Programme (2015 – 2017) grant for £304k;

(c)       Wokingham Town Centre – environmental improvements contribution from Wokingham Town Council to match fund project for up to £650k.