Agenda item

The Executive Director Core Services and Service Director Finance (Section 151 Officer) will submit, for information, a report which was considered by Cabinet on the 5^th September, 2018 on the financial performance of the Council’s Capital Programme to the quarter ended June, 2018 and assessing the implications against the Council’s Medium Term Financial Strategy.

The Executive Director Core Services and Service Director Finance (Section 151 Officer) submitted, for information, a report, which had been considered by Cabinet on the 5^th September, 2108 on the financial performance of the Council’s Capital Programme to the quarter ended June, 018 and assessing the implications against the Council’s Medium Term Financial Strategy.

The key headlines for the report indicated that:

·         The position of the Capital Programme for the 2018/19 financial year was currently projected to be lower than anticipated expenditure of £7.031m; and

·         The position of the Capital Programme over the five year period to 2022/23 was currently projected to be lower than anticipated expenditure of £0.919m

The Cabinet had noted the 2018/19 and overall five year Capital Programme positions and had approved the 2018/19 scheme slippage totalling £6.095m (which, it was noted could be well handled).  It had also approved a total net decrease in scheme costs in 2018/19 of £0.936m  and a net increase in scheme costs in future years of £0.017m.

RESOLVED that the report be received.