Decision - Targeted Budget Management (TBM) Capital Outturn 2007/08
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Decision details
Targeted Budget Management (TBM) Capital Outturn 2007/08
Decision Maker: Cabinet (pre 2012)
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To update Cabinet on the provisional capital
outturn position for the council and to seek Cabinet approval to
changes in resources and the r-profiling of capital
schemes.
Decision:
1. That the changes to the capital budget, as set out in Appendix 1 of the report be approved.
2. That it be noted that the programme slipped by 3.48%, as set out in paragraph 3.3 of the report.
3. That the carrying forward of 2007/08 slippage (£1.407 million) into the 2008/09 capital programme, to meet on-going commitments on these schemes, be approved.
Reasons for the decision:
1. The budget changes are requested in order to begin or complete capital investment projects previously agreed by Members.
2. The slippage and re-profiling requests are required to be carried forward into 2008/09 in order to complete capital investment projects already committed to.
Alternative options considered:
1. It would be possible to consider redirecting slippage and re-profiling requests to other priorities. This is not recommended in this report as the resources were allocated to schemes by previous Member decisions and are required in order to complete the schemes the council has committed to. Some resources are also ring-fenced for a specific purpose by the sponsor.
Publication date: 14/06/2008
Date of decision: 12/06/2008
Decided at meeting: 12/06/2008 - Cabinet (pre 2012)
Effective from: 20/06/2008
Accompanying Documents:
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