Issue - meetings

A report from the Executive Director Resources is attached. (Key decision – reference number 5324)

Councillor Mary Maguire (Cabinet Member for Finance & Procurement) introduced the report of the Executive Director Resources detailing the outturn position of the Council’s 2020/21 Capital Programme.

NOTED

1.    Actual outturns were set out against forecasts.

2.    Tables 1 and 2 detailed expenditure, and Table 3 detailed reprofiling.

3.    There had been some slippage due to Covid-19 impacts, but also positive schemes and project progression reported.

Alternative Options Considered: 

Not relevant to this report.

DECISION:  The Cabinet agreed to note:

1.  Total expenditure on the Capital Programme for 2020/21 is £157.033m, against the Period 8 forecast of £220.760m, as detailed from paragraph 15 of the report.

2.  The total reprofiling of £63.781m comprising £43.181m on General Fund programmes and £20.600m on HRA programmes from paragraph 19 of the report.

3.  Project outcomes for the General Fund programmes from paragraph 23 of the report.

4.  Variance analysis for the General Fund programmes from paragraph 74 of the report.

5.  Funding of the Council’s capital expenditure for 2020/21 as detailed in Table 7.

Reason: 

To update Cabinet on the year end Capital Programme position, including project outputs.

(Key decision – reference number 5324)