Issue - meetings

(To receive a report from the Executive Director – Resources which provides an update on capital spending compared with budgets for the financial year which started on 1 April 2020)

That the position on the capital programme be noted.

The Assistant Director – Strategic Finance presented a report on Capital Budget Monitoring Report 2020/21 - Quarter 2 to 30 September 2020.  The current forecasted position was an underspend of £5.4 million.  Some variances were highlighted on major schemes, such as the Lincoln Eastern Bypass; and the Grantham Southern Relief Road. 

Councillor R P Parker, the Chairman of the Overview and Scrutiny Management Board, highlighted to the Executive the main points in the Board's statement to the Executive.

Further to the Board's comments, it was suggested that consideration should be given to the member oversight of capital schemes, and the lessons learned, to complement the progress made by officers, including the work of the officer-led capital review group.

RESOLVED

That the position on the capital programme be noted.