Decision details

Capital Programme Monitor & Budget Variations, 2018/19 (Second Quarter)

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report provides a financial update on the Council’s Capital Programme and seeks approval for budget variations, as at the end of the second quarter

Decision:

1.         To approve the proposed budget variations to the capital programme totalling £15m (summarised in Table 1 and detailed in Appendix 2).

 

2.         To approve use of £42k of Short Breaks capital grant to reduce the funding shortfall for the Queen’s Manor project.

 

3.         To approve capitalisation of ICT desktop strategy costs of £3.7m of which £3.3m is to be funded from GF mainstream resources and £0.4m from HRA contributions.

 

4.         To approve write-off of capitalised expenditure to date of £0.383m for Becklow Gardens and £0.547m for Jepson House as these schemes will now be delivered through the Affordable Housing Delivery Framework rather than directly by the Council. The write-off will be funded from HRA earmarked reserves.

 

Report author: Andrew Lord

Publication date: 16/01/2019

Date of decision: 14/01/2019

Decided at meeting: 14/01/2019 - Cabinet

Effective from: 21/01/2019

Accompanying Documents: