Agenda item

That the report be noted.

The Service Lead Finance introduced a report that provided a summary of spend against capital budgets for the 2019/20 financial year to the end of September 2019.

The total revised capital budget for 2019/20 was £213m of which £94m had been spent by the end of the second quarter.  This was 44% of the revised budget and the programme was on track to spend 95% by the end of the year.  The forecast underspend of 5% was a significant improvement on previous years and Members welcomed the fact that the range of projects in the capital programme would be delivered.  The report was noted.

Resolved –  That the report be noted.