The Service Lead Finance (Deputy Section 151) provided a summary of spend against capital budgets for the 2019-20 financial year, as at the end of September 2019.
Members were informed that in the first half of the 2019-20 financial year, £93.591 million of the £212.760 million approved budget had been spent. This represented 44% of the approved budget being spent; the current projection was that 95% of the budget would be spent by the end of the financial year. The six major projects set out in the table at 5.3 of the report represented 73% of expenditure in the first half of 2019-20 financial year.
Resolved – That the Capital Monitoring Report at 30th September 2019 be noted.