Issue - items at meetings - Targeted Budget Management (TBM) Capital Outturn 2007/08

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.

15.1    The Cabinet considered a report of the Director of Finance & Resources concerning the revenue the capital outturn for 2007/08; it also offered information regarding programme slippage, budget changes and sought approval for carry forward to the 2008/09 programme (for copy see minute book).

15.2    In response to questions from Councillor Mitchell, Councillor Theobald reported that repairs to the Bandstand would not jeopardise current budget projections.

15.3    RESOLVED – Having considered the information and the reasons set out in the report, the Cabinet accepted the following recommendations:

(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.