Issue - meetings

That:

1)        the Capital Monitoring report for 2^nd quarter of 2016/17, as set out in Appendix A to the report, be noted;

2)        the reduction in planned capital expenditure from £149,075k to £94,842k in 2016/17 as a result of re-profiling be noted;

3)        it be approved and noted that the overall value of the capital programme has increased due to the receipt of the following ring fenced capital grants, being:-

i)             Thames Valley Growth Deal to build National Cycle Network in the area;

ii)            Disabled Facilities Grant ring fenced into the Better Care Fund.

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

The Executive Member for Economic Development and Finance advised the meeting that there had been very little change since the last report and the budget was on line with expectations.

RESOLVED that:

1)        the Capital Monitoring report for 2^nd quarter of 2016/17, as set out in Appendix A to the report, be noted;

2)        the reduction in planned capital expenditure from £149,075k to £94,842k in 2016/17 as a result of re-profiling be noted;

3)        it be approved and noted that the overall value of the capital programme has increased due to the receipt of the following ring fenced capital grants, being:-

i)             Thames Valley Growth Deal to build National Cycle Network in the area;

ii)            Disabled Facilities Grant ring fenced into the Better Care Fund.