Issue - meetings

That:

1)        the Capital Monitoring report for 3rd quarter of 2016/17, as set out in Appendix A to the report, be noted;

2)        the release of £1,600k originally profiled in the Medium Term Financial Plan for 2017/18 into 2016/17, due to acceleration in the build of Arborfield Secondary School, be approved.

The Executive considered a report setting out the position of the Capital budget as at the end of December 2016; which showed a £164k underspend variance forecast against budget.

RESOLVED That:

1)        the Capital Monitoring report for 3rd quarter of 2016/17, as set out in Appendix A to the report, be noted;

2)        the release of £1,600k originally profiled in the Medium Term Financial Plan for 2017/18 into 2016/17, due to acceleration in the build of Arborfield Secondary School, be approved.