To consider the position of the Capital Plan Budget at the end of Quarter 4 of the 2011/12 financial year.

The Council considered the submitted report on the final Capital Monitoring report for 2011/12 and outturn position in respect of capital expenditure and income for 2011/2012.  The Overview and Scrutiny Board had reviewed the report on 20 June 2012 and made no recommendations.

It was proposed by Councillor Tyerman and seconded by Councillor Pritchard:

(i)            that the outturn position for the Council’s Capital expenditure and income for 2011/12 be noted;

(ii)          that 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 2011/12 to 2012/13 be noted;  and

(iii)         that the funding of the capital investment plan for 2011/12 as outlined in paragraph C1.1 of the submitted report be approved.

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

To consider the position of the Capital Plan Budget at the end of Quarter 4 of the 2011/12 financial year.

The Chief Accountant presented his final Capital Monitoring report for 2011/2012 which provided high level information on the Council’s capital expenditure and income for the year.  The Executive Lead for Finance and Audit was also in attendance to answer the Board’s questions.

The Board asked questions in relation to the expected capital receipts, the re-profiling of projects and the debt profile of the Council.