RESOLVED – that (A) the budgetary variances set out in paragraph 2.2 of the report submitted, be noted; and
(B) in accordance with Financial Regulation 4.7.3, the carry forward of the capital budgets not spent in 2010/11, as set out in Essential Reference Paper ‘D’ and summarised at paragraph 2.32 of the report submitted, be approved and added to the 2011/12 capital estimates.