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Issue - meetings

Capital Programme 2019/20 Outturn

Meeting: 23/07/2020 - Executive (Item 17)

17 Capital Programme Outturn 2019/20 and Revisions to the 2020/21- 2024/25 Programme pdf icon PDF 413 KB

The Interim Head of Paid Service to present a report that sets out the capital programme outturn position including any under or over spends, overall funding of the programme and an update as to the impact on future years of the programme.

Additional documents:

Decision:

Resolved:  (i)      That the 2019/20 capital out-turn position of £85.707m be noted, and the requests for re-profiling from the 2019/20 programme to future years, totalling £38.892m, be approved.

 

                   (ii)      That the adjustments to schemes, increasing expenditure in 2019/20 by a net £3.143m, be noted.

 

Reason:              To enable the effective management and monitoring of the council’s capital programme.

Minutes:

[See also under Part B Minutes]

 

The Head of Corporate Finance & Commercial Procurement  presented a report which set out the capital out-turn position for the 2019/20 financial year and asked Executive to approve requests for re-profiling and torecommend the re-stated 2020/21 -2024/25 programme to Council.

 

An out-turn of £85.707m was reported on the approved 2019/20 budget of £121.456m; an overall net variation of £35.749m.  This comprised requests to re-profile £38.892m of schemes to future yearsand adjustments to schemes increasing expenditure by £3.143m.  However, the overall programme continued to operate within budget.  Variances and re-profiling requests within each portfolio area were outlined in Table 1 at paragraph 12 of the report,with details of variances above £100k in paragraphs 14 to88.  The capital programme for 2020/21 to 2024/25, re-stated as a result of the re-profiling, was shown in Table 3 at paragraph 92 and detailed in Annex 1.

 

Officers corrected an error in Table 4 at paragraph 93 of the report (Capital Programme Financing); total funding of the 2020/21 budget was £194.048m and not £19.048m.

 

The Executive Member for Finance & Performance commented on the ambition of the programme, which had secured external funding of £200m.

 

Resolved:  (i)      That the 2019/20 capital out-turn position of £85.707m be noted, and the requests for re-profiling from the 2019/20 programme to future years, totalling £38.892m, be approved.

 

                   (ii)      That the adjustments to schemes, increasing expenditure in 2019/20 by a net £3.143m, be noted.

 

Reason:              To enable the effective management and monitoring of the council’s capital programme.


 

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