Meeting documents
Cabinet
Wednesday, 2nd March, 2005
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Bath & North East Somerset Council |
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MEETING: |
COUNCIL EXECUTIVE |
AGENDA |
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MEETING DATE: |
2nd March 2005 |
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TITLE: |
2004/2005 CAPITAL MONITORING REPORT - 3rd QUARTER |
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WARD: |
All |
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AN OPEN PUBLIC ITEM |
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List of attachments to this report: |
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1 THE ISSUE
1.1 This report informs the Council Executive of the current position of the 2004/2005 Capital Programme and available resources.
2 RECOMMENDATION
2.1 That the Executive:
a) notes the current position of the 2004/2005 capital programme;
b) notes the current position of available resources.
3 FINANCIAL IMPLICATIONS
3.1 Included in the report.
4 2004/2005 CAPITAL PROGRAMME
4.1 On the 17th February a capital programme of £33.5 million was approved by Council. Including changes agreed during the year, a revised programme of £54.7 million was approved at the 1st December meeting of the Executive.
4.2 Spend to the 31st December totalled £27.77 million or 80% of profiled spend. Details of the current monitoring position are given in Appendix 1, together with explanations of variances.
5 RESOURCES
5.1 Details of revised resources are as follows:
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2004/2005 |
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£,000's |
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Total forecast resources |
53,091 |
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Less : 2004/05 Profiled Spend 2004/05 funding to be carried forward to 2005/06 |
45,711 9,050 |
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Resources re-phased to/from future years |
(1,670) |
5.2 On 20th January Council received a report on the implications of major projects on the financial plan and a range of actions were agreed to increase the Council's capital resources and to limit its exposure funding and risk exposure on the projects currently within the programme. The financial effects of the those actions have been built into the Capital Programme for 2005/06 which was approved by Council on 22nd February.
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Contact person |
Irene Draper (01225) 477325 |
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Background papers |
None |