Agenda item

That the Capital activities for the second quarter of 2018/19 (April to September 2018) as set out in the body of the report be noted.

The Service Lead Finance introduced a report that summary of spend against capital budgets for the second quarter of 2018/19.

The revised capital budget for 2018/19 was £252m and schemes in the capital programme continued to be delivered.  There had been some delays in secondary school expansion projects and the risks were being managed.  The overall level of slippage was 12% which was a significant improvement in the historic position.

The Cabinet discussed a number of specific schemes and issues including the further investment in the schools estates; the progress on the hotel scheme; and the LED street lighting project which had been led by SBC and delivery in Slough was complete.

At the conclusion of the discussion the report was noted.

Resolved –  That the Capital activities for the second quarter of 2018/19 (April to September 2018) as set out in the body of the report be noted.