Issue - meetings
Capital budget outturn 2017-2018 including quarter one capital budget monitoring 2018-2019
Meeting: 18/07/2018 - Council (Item 5)
5 Capital budget outturn 2017-2018 including quarter one capital budget monitoring 2018-2019 
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[To review the outturn statement in respect of the Council’s capital budgets for 2017 – 2018.]
Additional documents:
Decision:
1. That the revised medium term General Fund capital programme of £385.9 million, an increase of £11.0 million from the previously approved programme, reflecting the latest projected expenditure for the medium term be approved.
2. That the revised medium-term Housing Revenue Account (HRA) capital programme of £328.8 million, a decrease of £1.0 million from the previously approved programme, reflecting the latest projected expenditure for the medium term be approved.
3. That the net additional General Fund resources of £11.0 million be approved for;
a. 12 new projects totalling £18.3 million (as detailed at paragraph 4.1 of the Cabinet report);
b. 58 existing projects net decrease totalling £7.3 million (as detailed at paragraph 3.38 of the Cabinet report).
Minutes:
Councillor Louise Miles presented the report on Capital budget outturn 2017-2018 including quarter one capital budget monitoring 2018-2019 for approval. The report provided an update on the outturn position for 2017-2018 and on the 2018-2019 financial performance of the General Fund and Housing Revenue Account (HRA) capital programmes. The report also set out a revised forecast for 2018-2019 to 2022-2023 as at quarter one of 2018-2019. Revisions to the current approved General Fund capital programmes covering the period 2018-2019 to 2022-2023 were also recommended.
Councillor Louise Miles proposed the recommendations and Councillor Peter Bilson seconded the recommendations.
The report was debated by Council.
Resolved:
1. That the revised medium term General Fund capital programme of £385.9 million, an increase of £11.0 million from the previously approved programme, reflecting the latest projected expenditure for the medium term be approved.
2. That the revised medium-term Housing Revenue Account (HRA) capital programme of £328.8 million, a decrease of £1.0 million from the previously approved programme, reflecting the latest projected expenditure for the medium term be approved.
3. That the net additional General Fund resources of £11.0 million be approved for;
a. 12 new projects totalling £18.3 million (as detailed at paragraph 4.1 of the Cabinet report);
b. 58 existing projects net decrease totalling £7.3 million (as detailed at paragraph 3.38 of the Cabinet report).