Agenda item

The Service Lead, Finance (Deputy Section 151) introduced a report that summarised spend against capital budgets for the financial year, as at the end of June 2019.

Members were requested to note the report and the capital expenditure of £43.169 million in the first quarter of 2019-20 against an approved budget of £212.520 million.  This represented 20% of the approved budget being spent with a current projection that 96% of the budget would be spent by the end of the financial year.

Resolved – That the report be noted.