Decision details
Capital Expenditure Outturn 2016/17
PDF 111 KBDecision Maker: Executive
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To note outturn expenditure and financing and
to approve carry forwards.
Decision:
That the Executive:
i) noted the outturn capital expenditure and in particular the key variances identified in paragraph 5.4 of the Borough Treasurer’s report.
ii) approved the carry forward of £50.602m from the 2016/17 capital programme to 2017/18 including £0.236m relating to projects approved in 2015/16 (see paragraph 5.5 of the Borough Treasurer’s report).
iii) noted the financing of capital expenditure as shown in Table 2 of the Borough Treasurer’s report.
Reasons for the decision:
The capital programme for 2016/17 consisted of £127.594m on projects and programmes. The projected outturn is £76.300m (60% of approved budget). These figures remain subject to change, pending external audit. However, no significant movement is anticipated. The capital programme is monitored on a monthly basis by officers and reported formally to the Corporate Management Team on a quarterly basis and through to Members in the Quarterly Service Reports.
Alternative options considered:
Not applicable.
Interests and Nature of Interests Declared:
None.
Reason Key: Expenditure >£400,000 & Affects more than 1 ward.;
Wards Affected: (All Wards);
Financial Impact: None at this time.
Declarations: None.
Subject to Urgent Proceedings: No.
Making Representations: In writing to the Borough Treasurer.
Other reasons / organisations consulted
None
Consultees
Not applicable
Contact: Calvin Orr, Head of Finance & Business Services Email: calvin.orr@bracknell-forest.gov.uk Tel: 01344 352125.
Publication date: 18/07/2017
Date of decision: 18/07/2017
Effective from: 26/07/2017