Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
This report provides the Executive with details of the actual capital expenditure for the 2013/14 Capital Programme and seeks approval for the proposed methods of financing the actual capital expenditure.
Actual capital expenditure on housing and other services in 2013/14 was £10,796,182 compared with the revised capital programme of £13,430,300. The overall variance was £2,634,118 and a detailed analysis of the variations is given in Appendix A to the report.
Total savings of £467,346 were achieved, additional expenditure of £382,106 was incurred and a total of £2,548,878 will be carried forward into 2014/15.
Details of the various methods used to finance this expenditure are set out in Appendix B to the report.
RESOLVED that the Executive agrees:
(a) that the capital programme for 2013/14 be approved and financed as set out in Appendix B to this report;
(b) that the individual expenditure incurred, amounting to £382,106 be financed retrospectively from the surplus capital resources; and
(c) that the actual capital expenditure for 2013/14 be noted.
Report author: Caroline Hancock
Publication date: 07/07/2014
Date of decision: 07/07/2014
Decided at meeting: 07/07/2014 - Executive
Effective from: 18/07/2014
Accompanying Documents: