Decision details

2016/17 Capital Monitoring Report – Quarter 2 (Decision 01104392)

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: Yes


To note the position on the major capital schemes undertaken by the Council.


The Cabinet Member for Finance and Legal introduced the report to Cabinet highlighting the following points:


·         Cabinet last considered the 2016/17 Capital Programme at its meeting on 7 September 2016;

·         Since the last reported position, additional funding had been added to the programme and budgets had been profiled to realign them with expected spend;

·         The report reflected the changes and set out the latest forecasted outturn position.


Councillor Hebb explained that Capital schemes and resources were identified in two specific categories Mainstream schemes and Specific schemes. 


He continued to advise Members the forecast underspend was principally due to slippage/budget re-profiling on current schemes this was currently £16.894 million.


The Cabinet Member for Finance and Legal Services mentioned that the Council was 2.9 per cent off of its target for spend at six months.


The Leader of Council commented that Gloriana was a private organisation and Thurrock Council was a shareholder. He further commented that Council was investing in new housing stocks not just fixing existing homes. 


RESOLVED That Cabinet:


1.    Note the General Fund capital programme was projected to have available resources of £16.902 million as at 31 March 2017, with this funding carried forward to 2017/18 to fund schemes currently in progress or under development.

2.    Note the Housing Revenue Account capital programme was currently forecasting an overspend of £0.502 million, but work was being undertaken to eliminate this by the 31st March 2017.


Reason for Decision - as stated in the report

This decision is subject to call-in

Report author: Sean Clark (Corporate Director Resources and Place Delivery)

Publication date: 20/12/2016

Date of decision: 14/12/2016

Decided at meeting: 14/12/2016 - Cabinet

Effective from: 30/12/2016

Accompanying Documents: