Issue - meetings

That:

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

2)        the new budget adjustments in the Capital Programme for 2018/19, as set out in Appendix B to the report, including the additional £1,177,000 grant received from the Department of Transport for Highways Maintenance, be noted and approved;

3)        the new budget virements in the Capital Programme which constitutes a change of use, as set out in Appendix C to the report,  be noted and approved.

The Executive considered a report setting out the quarter three position of the Capital budget.

When introducing the report the Executive Member for Finance reminded Members that the outturn of the spending profile was often different from the actual budget and this was mainly due to the fact that there were often issues that arose during a project which meant that changes had to be made which would sometimes result in a project being delayed.

RESOLVED that:

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

2)        the new budget adjustments in the Capital Programme for 2018/19, as set out in Appendix B to the report, including the additional £1,177,000 grant received from the Department of Transport for Highways Maintenance, be noted and approved;

3)        the new budget virements in the Capital Programme which constitutes a change of use, as set out in Appendix C to the report,  be noted and approved.