Issue - meetings

Report FSD15062

On 15^th July 2015, the Council’s Executive received the 1^st quarterly capital monitoring report for 2015/16 and agreed a revised Capital Programme for the five year period 2015/16 to 2018/19.  The 2014/15 Capital Outturn had been reported to the Executive on 10^th June 2015.  The final capital outturn for Education Portfolio schemes was £13,428k compared to a revised budget of £12,669k approved by the Council’s Executive on 11^th February 2015, which was an overspend of £759k.  The Basic Need Scheme, which was funded by the Department for Education, had an overspend of £1.6m against a budget of £5.7m due to acceleration in the programme of works.  This was partly offset by underspends on other schemes, including Capital Maintenance and Building Schools for the Future and after allowing for minor adjustments, a total of £765k had been re-phased into 2015/16.

RESOLVED that the revised Capital Programme agreed by the Council’s Executive on 15^th July 2015 be recommended to the Portfolio Holder for Education for approval.