Issue - meetings

To consider the attached report of the Chief Finance Officer.

Michael Hudson, Director of Finance, introduced the report which reflected the position of the Capital Programme as at 31 January 2012.  The report also detailed changes to the budget, such as the reprogramming of schemes. There was also a change to reflect the formal addition of budget for Castledown Business Park which required approval by Council following recommendation by Cabinet.

Resolved

That the Cabinet (Capital Assets) Committee:

a.    Note the current position of the capital programme as at Period 10 in Appendix A.

b.    Note total budget increases of £1.148 million, the returning of £0.935 million of budget to the centre, and the £13.277 million reprogramming of spend between 2011/2012 and 2012/2013.

c.    Recommend to Council, via Cabinet the approval of £0.182 million of additional budget for Castledown Business Park to be funded from borrowing.

Reasons for Decision

To inform Cabinet of the current position of the 2011/2012 capital programme and to highlight changes in the capital programme.