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Agenda Item No.

 

 

THE VALE OF GLAMORGAN COUNCIL

 

CABINET: 14TH JULY, 2014

 

REFERENCE FROM SCRUTINY COMMITTEE (CORPORATE RESOURCES): 24TH JUNE, 2014

 

 

“           CAPITAL MONITORING REPORT FOR THE PERIOD 1ST APRIL TO 30TH APRIL 2014 (MD) –

 

The report for April 2014 showed no variances within the budget.  Profiled expenditure had been requested from Project Managers and would be updated in the next report.  Members were asked to note that Appendix 1 to the report did not include requests for unspent committed expenditure to be slipped from 2013/14 into 2014/15 financial year.  A request for such slippage would be included in the Closing Down report presented to a future Cabinet meeting.  For all schemes were it became evident that the full year’s budget would not be spent, relevant officers would be required to provide an explanation of the shortfall to the earliest available Cabinet meeting. 

 

RECOMMENDED –

 

(1)       T H A T the position with regard to the 2014/15 Capital Programme be noted.

 

(2)       T H A T the use of unsupported borrowing for the 21st Century School Programme be noted and the request for unsupported borrowing in the amount of £923,252 in 2014/15, £1,187,038 in 2015/16 and £527,573 in 2016/17 be referred to Cabinet and thereafter to Council for approval.

 

Reasons for Recommendations

 

(1)       To monitor progress in regard to the Council’s Capital Programme.

 

(2)       To allow the schemes to receive funding from the Welsh Government.â€

 

 

 

 

 

Attached as Appendix – Report to Scrutiny Committee (Corporate Resources): 24th June, 2014