Decision details
Capital Monitoring 2017/18 Quarter 1 (To June 2017)
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Decisions:
|
|
Councillor Janette Williamson, Cabinet member for Finance and Income Generation, said:
“This report demonstrates the major investment we are making against our priorities.
It shows the sensible and pragmatic steps we are taking to make best use of the resources available to develop our assets to support our services to the public”. |
Councillor Janette Williamson introduced a report which provided an update on the progress in delivering the Capital Programme 2017/18 at the end of June 2017. It recommended that the Cabinet agree the 2017/18 Capital Programme of £88.0 million which took into account re-profiling identified during the 2016/17 final accounts together with any additional grant funding notified to the Council. The Cabinet noted that expenditure to date was £4.8 million.
This matter was a key decision which affected all Wards in the Borough.
RESOLVED: That
(1) the spend at Quarter 1 of £4.8 million, with 25% of the financial year having elapsed be noted and that this is suppressed by the inclusion of amounts that were charges against 2016/17 in accord with accounting practice;
(2) the revised Capital Programme of £88.0 million be agreed and referred to the Council; and
(3) agreement be given to the Growth Fund scheme being amended to provide a combination of business loans and grants rather than just loans.
Publication date: 19/07/2017
Date of decision: 17/07/2017
Decided at meeting: 17/07/2017 - Cabinet
Effective from: 27/07/2017
Accompanying Documents:
PDF 310 KB