Issue - meetings

Report of the Cabinet Member for Finance seeking approval of the General Fund Capital Outturn 2014/15, attached

The report of the Cabinet Member for Finance was submitted seeking approval of the General Fund Capital Outturn 2014/15.

RESOLVED

(i)  That the actual capital spending in 2014/15 as shown in paragraphs 4 and 5 of the report be noted together with the major variances detailed in Appendix 1 and Appendix 2 to the report;

(ii)  That the revised estimates for 2015/16, adjusted for slippage and re-phasing as shown in Appendix 3 to the report be noted;

(iii)  That the proposed capital financing in 2014/15 as shown in paragraph 12 of the report be approved;

(iv)  That it be noted that the capital programme remains fully funded up to 2017/18 based on the latest forecast of available resourcesalthough the forecast could be subject to change; most notably with regard to the value and timing of anticipated capital receipts; and

(v)  That the addition and spend of £3.0M to the Environment and Transport portfolio capital programme in 2014/15 to fund the purchase of 10 refuse collection vehicles and 65 other vehicles to be funded by council resources be approved.