Issue - meetings

To receive a report by the Assistant Director, Finance and Resources.

Received the outturn for capital expenditure in 2012/13 and noted the expenditure variations.

A report by the Assistant Director, Finance and Resources was submitted (a copy of which is appended in the Minute Book) detailing the outturn for capital expenditure in 2012/13 and adjustments for 2013/14.

In discussing the contents of the report, Executive Councillors questioned the use of capital expenditure rather than revenue for various schemes.  Comment was made regarding the need for greater challenge of the need for each capital scheme in future and Portfolio Holders were encouraged to pursue this with managers as the Medium Term Plan is reviewed in August. Whereupon, the Cabinet

RESOLVED

  that the report be received and the expenditure variations noted.