Issue - meetings

Councillor Willmott submits a report that updates Members on the progress of spending on the capital programme for 2009/10 to the end of September (period 6), and the forecast spend to the end of the year. Cabinet is asked to approve the recommendations set out in Paragraph 3 of the report.

A minute extract from the meeting of the Performance and Value for Money Select Committee held on 9 December 2009 will be circulated as soon as it is available.

Councillor Patel submitted a report that updated Members on the progress of spending on the capital programme for 2009/10 to the end of September (period 6), and the forecast spend to the end of the year.

Councillor Grant asked for details regarding how much funding would be required from the Centrally Located Administrative Buildings (CLABS) Review for the proposed Customer Service Centre, stating that the current economic climate was not conducive to borrowing. Councillor Patel agreed to discuss this with Councillor Grant. Councillor Willmott stated that the Centre would offer excellent value for money and would be more suitable than the current centre due to its location and size. It would also enable the preservation of the building and the City’s civic heritage. He also drew Members’ attention to the significant investment in schools, the largest investment since the Victorian period, and the investment in highways work, detailed in the report, all of which were continuing despite the current economic climate.

RESOLVED;

                        that Cabinet:

1)     approves a revised level of programmed expenditure of  £104.3 m;

2)     notes the level of expenditure to the end of September 2009 of £41.9 m;

3)     notes the current level of spend (40%) of the programme;

4)     notes the significant level of slippage (£10.8m) that has occurred since period 3;

5)     notes the downturn in capital receipts;

6)     notes the prudential indicators for 2009-10.