Issue - meetings

Capital Monitoring 2015/16 - end of June 2015

Meeting: 30/07/2015 - Executive (Item 30)

30 Capital Monitoring 2015/16 - end of June 2015 pdf icon PDF 133 KB

Additional documents:

Decision:

That the Capital Monitoring report for the first quarter of 2015/16 be noted.

 

Minutes:

The Executive considered a report setting out the Capital Monitoring report to the end of June 2015.

 

The Executive Member for Economic Development and Finance informed the meeting the end of the first quarter forecast a small overspend of £4,000, which given that the Capital Budget was in excess of £106m was a very small percentage.  It was noted that a significant amount of the Capital Budget was being spent on schools, roads and the infrastructure for the Strategic Development Locations.

 

Councillor Pollock clarified why the spend profile was split between year 1 and 2 which was due to the fact that often a lot of preparatory work was required after a project was approved but before it actually started.

 

RESOLVED:  That the Capital Monitoring report for the first quarter of 2015/16 be noted.