The Cabinet Member with the Efficiency and Resources Portfolio introduced the report of the Managing Director and the Director of Economic Growth and Neighbourhood Services (previously circulated) updating Members on the delivery of the Council’s Capital Programme, the financial outturn position as at 31st March 2018; the proposed financing of the 2017/18 Capital expenditure; providing an update on the current status of all construction projects currently being undertaken by the Council; and seeking approval for a number of changes to the programme.
RESOLVED – (a) That the delivery and financial outturn of the 2017/18 Capital Programme, as detailed in the submitted report be noted.
(b) That the status position on construction projects, as detailed in the appendix to the submitted report, be noted.
(c) That the adjustments to resources, as detailed in paragraph 21 of the submitted report, be approved.
REASONS – (a) To enable Members to note the progress of the 2017/18 Capital Programme and to allow the capital spend to be fully financed.
(b) To inform Cabinet of the current status of construction projects.
(c) To maintain effective management of resources.