Issue details

Capital Plan Budget 2012/13 to 2015/16

 

 

To approve the Capital Plan Budget for 2012/2013 to 2015/2016.

Reason Key: Capital expenditure +£250,000 and outside Capital Plan;

Type: Information Only

Wards affected: (All Wards);

Considered on: 1 Feb 2012 by Elected Mayor

Considered on: 8 Feb 2012 by Council

Lead member: Elected Mayor Executive Lead for Finance and Audit

Lead director: Caroline Taylor

Contact: Paul Looby, Executive Head of Finance Email: paul.looby@torbay.gov.uk.

Consultation process

Following consideration of the Capital Strategy by the Mayor and approval by Council on 29 September, the Mayor will consider a Report by the Chief Finance Officer on the current demands for capital investment, likely resources and spending options at the Council meeting on 8 December 2011.

 

The Mayor will request the Overview and Scrutiny Board to consider options for new capital investment and potential additions to the Capital Plan, in the light of projected resources, in January 2012.

 

The Mayor will consider the recommendations of the Overview and Scrutiny Board, together with any reported updates on available resources, on 1 February 2012 before proposing a revised Capital Plan Budget to Council at its adjourned meeting on 8 February 2012.

Consultees

Overview and Scrutiny Board

Reason for inclusion in Forward Plan: To review the use of capital resources for investment in line with the Council's identified priorities, as set out in the Corporate Plan and Community Plan.

Key Risks: The main risks associated with reviewing the Capital Plan Budget are the robustness of estimates of likely resources, realistic assumptions of costs and therefore the effect on service provision of not undertaking certain high priority projects.

If you want to make representations contact:: Martin Phillips, telephone (01803) 207285, fax (01803) 2073492, email martin.phillips@torbay.gov.uk

Decisions

Agenda items

 

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