Public reports pack PDF 3 MB - Blaby District Council

6. Matters for Consideration
6.1 The 2012/13 Capital Programme was formally approved by Council on 20 th
February 2012. The detailed programme, which is set out in Appendix A,
amounted to an investment of £1.584m. Added to this there were a number
of schemes brought forward from previous years together with the associated
funding allocation, which amounted to £1.087m, as well as net expenditure on
new projects totalling a further £1,772m. Altogether this leads to a revised
capital programme of £4.443m for 2012/13.
6.2 In accordance with the Council’s Capital Strategy, the Officer Asset
Management Group is charged with constantly monitoring and reviewing
progress on the capital programme. This includes those schemes brought
forward from previous years, to seek to ensure that the resources available
are deployed efficiently and effectively. Each capital project has a nominated
project manager who is responsible for the delivery of the project.
6.3 Capital Expenditure 2012/13
6.3.1 Appendix B gives details of the actual spending against budget for all
schemes in the approved capital programme for the period 1 st April 2012 to
31 st October 2012. The table includes any in-year changes and identified
variations in project costs.
6.3.2 The overall position at 31 st October 2012 is that actual expenditure of
£1.655m has been incurred, with additional commitments of £0.243m against
the overall revised budget of £4.443m. This represents 42.72% of the
proposed programme. The Asset Management Group are monitoring the
schemes closely to ensure completion by the end of the financial year and
where possible reallocate unused funding to allow additional capital projects
to be undertaken but stay within the agreed programme budgets.
6.3.3 As part of the monitoring process a number of amendments to the original
programme have been identified. The additional expenditure on these
projects have been authorised through separate reports that have been
brought before Council or have been added through the monitoring of
received funds. S106 Monies being an example of this. In addition to this an
additional requirement has been identified for £112,000 to be added to the
Capital Programme for which Authorisation is sought. The movement in the
total Capital Programme is detailed in the table overleaf and additional
narrative around each item is provided in further depth in the text.
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