Issue - meetings

To consider a report that provides an update on the 2017/18 outturn position for 2017/18 including any budget slippage requests and to approve the note the funding of the capital programmes.

Report & Appendices attached

The Executive considered a report that provided an update on the 2017-2018 capital programme together with recommendations relating thereto.

The Executive considered a report that provided an update on the 2017-2018 capital programme together with recommendations relating thereto.

The Leader commented on the frustrating Government process/system relating to the ability of local authorities to use capital receipts to finance new housing developments.

The Assistant Director (Finance & Estates) added that there was a risk that the Council may still be required to return £112,000 of housing related capital receipts to the Government relating to Quarter 4.

It was RESOLVED:

1.  That the 2017/18 General Fund capital expenditure outturn of £9,013,305 is noted, (subject to the completion of the 2017/18 external audit of accounts).

2.  That the 2017/18 HRA capital expenditure outturn of £17,022,272 is noted (subject to the completion of the 2017/18 external audit of accounts).

3.  That the funding applied to the 2017/18 General Fund capital programme is approved as summarised in paragraph 4.2.4. of the report

4.  That the funding applied to the 2017/18 HRA capital programme is approved as summarised in paragraph 4.5.1. of the report.

5.  That the 2018/19 General Fund capital programme net changes of £701,875 reduction and slippage from 2017/18 of £11,726,975 (£10.6M on two schemes as detailed in para 4.1.1) are approved as summarised in paragraph 4.3.4 and as detailed in Appendix A to the report.

6.  That the 2018/19 HRA capital programme net changes of £568,020 slippage from 2017/18 and £8,694,850 re-profiled into 2019/20 are approved as summarised in paragraph 4.6.1 and detailed in Appendix B to the report. 

7.  That the appropriation of 29 Shephall Way (valued at £247,500) in 2017/18 and Symonds Green Annexe (valued at £444,550) in 2018/19 from General Fund to Housing Revenue Account as detailed in Para 4.7.3 of the report be approved.

Reason for Decision: As contained in report.

Other Options considered: As contained in report.