Issue - meetings

Capital Outturn 2014/15

Meeting: 28/05/2015 - Executive (Item 7)

7 Capital Outturn Report 2014/15 pdf icon PDF 185 KB

Additional documents:

Decision:

 

RESOLVED That:

1)        the Capital Outturn and committed carry forwards (for 2014/15) as set out in Appendix A to the report, be noted;

 

2)        the carry forwards for schemes which are awaiting contractual commitment (totalling £7.5m) detailed in Appendix B to the report, be approved.

 

Minutes:

The Executive considered a report setting out the outturn for the capital budget, including proposed carry forwards.

 

The Executive Member for Economic Development and Finance advised the meeting of an error in the report that had recently come to light.  In Table 2.2 the overall underspend was actually £83k and not £46k as shown in the report. 

 

Councillor Pollock highlighted the proposed carry forwards, as detailed in Appendix B of the report, some of which were as a result of a planned slippage and other slippages related to schemes which were started and not completed as expected.  He also highlighted that the level of the capital programme had increased substantially in recent years as a result of work on the Strategic Development Locations, the building of new schools and improvements to a number of secondary schools.

 

RESOLVED That:

1)        the Capital Outturn and committed carry forwards (for 2014/15) as set out in Appendix A to the report, be noted;

 

2)        the carry forwards for schemes which are awaiting contractual commitment (totalling £7.5m) detailed in Appendix B to the report, be approved.