Issue - meetings

Cllr de Rhe-Philipe presented a report which reflected the position of the Capital budget for the period April 2009 to February 2010.

There was a projected variation of £3.296m against the full year budget for 2009/10. The report detailed adjustments to the budget and provided a summary of the current position.

Resolved:

That Cabinet:

a)                 note the current financial position of the 2009/10 Capital Budget and

b)                 note the budget changes in sections 1 and 2 of Appendix B to the report presented.

Reason for Decision

To inform Cabinet of the current financial position of the 2009/10 capital budget and to identify schemes within the programme where expenditure is not progressing as anticipated.