Issue - meetings

That:

1)        the quarter two position for the capital budget, as set out in Appendix A to the report, be noted;

2)        the overall value of the 2018/19 capital programme budget include the final part of the previously agreed ring-fenced capital contribution, for £200k increased contingency match-funding contribution from Wokingham Town Council for the Wokingham Town Centre Improvements capital budget;

3)        the overall value of the 2018/19 capital programme budget include £164k S106 contributions for sports facilities to increase the capital budget for the Bulmershe Sports Centre.

The Executive considered a report setting out the current position of the Capital Budget.

The Leader of Council advised the meeting that there was a small variance in the Capital Budget however when taking into account the fact that this financial year the Capital Budget was £134m the variance as a proportion was not very large.

The Executive Member for Highways and Transport drew Members’ attention to the estimated under and overspends, as set out in the report, which showed that when taking the entire Capital Programme into account, which amounted to £222m, no overspend was actually anticipated and variances in the current year spend were likely to relate to re-profiling of schemes whose spend was planned for next financial year.

RESOLVED that:

1)        the quarter two position for the capital budget, as set out in Appendix A to the report, be noted;

2)        the overall value of the 2018/19 capital programme budget include the final part of the previously agreed ring-fenced capital contribution, for £200k increased contingency match-funding contribution from Wokingham Town Council for the Wokingham Town Centre Improvements capital budget;

3)        the overall value of the 2018/19 capital programme budget include £164k S106 contributions for sports facilities to increase the capital budget for the Bulmershe Sports Centre.