The Capital Programme is produced primarily as an internal working document for elected Members and officers. It identifies agreed capital schemes, showing the total cost of schemes and the projected phasing of those schemes over current and future financial years.
Additional schemes or amendments to existing schemes are incorporated in the Capital Programme following approval by Cabinet, who will have received a breakdown of scheme costs with anticipated phasing of spend, together with the identification of funding sources and estimated revenue costs to the Authority.
The Capital Programme is governed by reference to the Capital Strategy
There is a regular monitoring process applied to the capital programme schemes involving the responsible officers. This results in financial reports to Cabinet identifying variances and the reasons for those variances.
Capital Programme
The Capital Programme reflects the results of the 2011/12 first review of the capital programme for capital spending and resources, which, together with changes to the anticipated programme for 2011/12 to 2014/15, were reported to Cabinet on 4th August 2011. A Summary and detailed programme in PDF Format, is shown on the attached link, as is the detailed capital programme resource statement.
Capital Resources Statement
The statement shows the individual resources which will be used to finance the capital programme. These include Supported Capital Expenditure (Revenue) credit approvals that allow the council to borrow to finance expenditure. The council also finances expenditure by utilising existing capital receipts, for example from the sale of land, revenue contributions and a range of government grants. Many schemes are financed in partnership with private sector organisations as well as many public sector concerns such as the Health Trust and the various lottery grant awarding bodies. The figures shown for 2011/12 and subsequent years are based on approvals which are already in place, and estimates of anticipated resources.
Capital Programme Overall Position
Following a Capital Programme - Special Review, which was also considered by Cabinet on 29th July 2010, and which agreed to the implementation of the measures outlined in the report to remove the deficit from the capital programme; the programme, as currently envisaged, shows a break even position by 31st March 2015.
The net resource position for 2011/12 and future years is shown on the capital expenditure summary and the capital resources statement
