Agenda item

The Director of Finance, Assets and Information Services will submit, for information and comment, a report which was submitted to Cabinet on the 9^th September, 2015 on the financial performance of the Council’s Capital Programme during the quarter ended 30^th June, 2015 and assessing the implications against the Council’s Medium Term Financial Strategy (MTFS) and reserves strategy.

Note: due to their size, the appendices to this report are available for download from the Council’s website and have been emailed to all Members of the Committee.

The Director of Finance, Assets and Information Services submitted, for information and comment, a report which had been submitted to the Cabinet on the 9^th September, 2015 on the financial performance of the Council’s Capital Programme during the quarter ended 30^th June, 2015 and assessing the implications against the Council’s Medium Term Financial Strategy (MTFS) and Reserves Strategy.

The report, which outlined the key headline messages, had been produced in a new format which would hopefully assist Members in assessing financial performance.

In the ensuing discussion reference was made to the following:

·         It was noted that there were no major issues to report

·         In response to questioning, the Service Director Finance gave details of the role of the Capital Programme Oversight Board which was charged with the effective management of the Capital Programme.  The Chair of the Board was the Executive Director Place and details of the Terms of Reference could be provided for the Committee

RESOLVED that the report on the Capital Programme Performance for the quarter ended 20^th June, 2015 be received and the new format of report welcomed.