Issue - meetings

That:

1)         the Capital Outturn, as set out in Appendix A to the report, be noted;

2)        the carry forwards into future financial years, as set out in Appendix A to the report, be approved.

The Executive considered a report setting out the Capital Budget Outturn for 2017-18 which included a number of carry forwards into future financial years.

The Executive Member for Finance reminded Members that there had been £89m of investment in the year on things such as highways infrastructure, regeneration, schools and affordable homes and highlighted that what was being delivered was five times as much as the Council delivered 4-5 years ago.  The capital programme had also been delivered within budget with an actual underspend of £2.6m which showed that the Council had the ability to undertake such a large programme and keep control of the costs.

Councillor Margetts also highlighted the carry forwards for schemes into 2018/19, as listed in Table 2.3 of Appendix A which consisted of planned work which had been rolled forward.

The Leader of Council highlighted the largescale projects, including schools and country parks that were being undertaken and stated that unfortunately when delivering such large projects there was often disruption.  Councillor Haitham Taylor asked residents to bear with the Council during these periods.

RESOLVED that:

1)         the Capital Outturn, as set out in Appendix A to the report, be noted;

2)        the carry forwards into future financial years, as set out in Appendix A to the report, be approved.