Issue - meetings

The Executive Board, after noting a correction in the title which should read ‘Capital Programme 2018-19 update’, considered the report which provided an update of the final budgetary position for the 2018/19 capital programme as at the 30^th June, 2018.

Departmentally, a net spend of £62,301k was forecasted compared with a working net budget of £60,757 giving a £1,554k variance. The net budget had been re-profiled by £3.81m from 2018/19 to future years in order to take account of the updated spend profile information. Furthermore, the budget slippage from 2017/18 had also been included within the figures appended to the report.

In addition, the Executive Board noted that an Education and Capital Spend budget re-profiling exercise was currently being undertaken to reflect the progress of schemes within the 5 year capital programme on the MEP programme.

UNANIMOUSLY RESOLVED that the capital programme update report be received.