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 (.pdf, 96kb).
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 2008/09 third review of the capital programme for capital spending and resources, which, together with changes to the anticipated programme for 2008/09 to 2011/12, were reported to Cabinet on 19th February 2009.
In addition there will be further investment requirements as new programmes and projects with dedicated funding are brought forward. Any approvals subsequent to these will be included in the 2009/10 first review of the programme, which is expected to be reported to Cabinet in August 2009.
The following reports on expenditure programmes are in PDF Format:
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 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 2008/09 and subsequent years are based on approvals which are already in place, and estimates of anticipated resources.
The Capital Programme, as currently envisaged, shows a cumulative deficit of £5.13 million by the end of 2012. This follows a Special Review of the capital programme following assumptions on the generation of capital receipts in the current difficult economic climate.
The net resource position for 2008/09 and future years is shown on the capital expenditure summary and the capital resources statement.
If you have any queries regarding the Capital Programme or its layout, please contact John Chilton in Financial Planning on 01942 827254.
