To consider the submitted report which sets out information on capital expenditure and income for the year, compared with the latest budget position as at quarter three reported in February 2013.

Members considered the submitted reports which provided information on capital expenditure and income for 2012/2013 and the recommendations of the Overview and Scrutiny Board.

It was proposed by the Mayor and seconded by Councillor Addis:

(i)         that Council note the outturn position for the Council’s Capital expenditure and income for 2012/13;

(ii)        that Council note the action taken by the Chief Finance Officer, under the Officer Scheme of Delegation, to carry forward the unspent budgets for expenditure or work in progress (together with their funding) from 2012/13 to 2013/14; and

(iii)       that Council approves the funding of the capital investment plan for 2012/13 as outlined in paragraph 7.1 of the submitted report.

On being put to the vote the motion was declared carried.