Issue - meetings

Capital Monitoring 2019/20 - end of September 2019

Meeting: 31/10/2019 - Executive (Item 48)

48 Capital Monitoring 2019/20 - end of September 2019 pdf icon PDF 122 KB

Additional documents:

Decision:

That:

 

1)        the quarter two position for the Capital Budget, as set out in Appendix A to the report, which shows a £2k variance forecast underspend against budget be noted;

 

2)        the new budget adjustments in the Capital Programme for 2019/20, as set out in Appendix B to the report, be noted and approved.

Minutes:

The Executive considered a report setting out the position of the Capital budget up to the end of September 2019.

 

The Executive Member for Finance and Housing provided an explanation of how the capital budget was made up and drew Members’ attention to Appendix B which set out the proposed budget adjustments in the capital programme for 2019/20.  Councillor Kaiser confirmed that a large amount of the funds for the capital programme came from developers and some, eg for major road infrastructure projects, from Government grants.

 

RESOLVED that:

 

1)        the quarter two position for the Capital Budget, as set out in Appendix A to the report, which shows a £2k variance forecast underspend against budget be noted;

 

2)        the new budget adjustments in the Capital Programme for 2019/20, as set out in Appendix B to the report, be noted and approved.