Issue - meetings

Capital Programme Monitoring 2018/19 (Outturn)

Meeting: 16/07/2019 - Cabinet (Item 40)

40 Capital Programme Monitoring 2018/19 (Outturn) pdf icon PDF 169 KB

Additional documents:


As detailed in the recommendations.


The Corporate Finance Manager introduced the Capital Programme Monitoring 2018/19 (Outturn) report which summarised the changes made to the Capital Programme during the last quarter of 2018/19.


                        The Capital Programme had seen a net increase of £1.024m during the period which was comprised of:


·         Net increases in the programme of £4.857m (Council Fund £4.792m and HRA £0.065m); and

·         Net Carry Forward to 2019/20 of £3.833m, consisting of £1.815m (additional School Maintenance Grant (£2.043m) partially offset by a Carry Forward reversal of £0.025m.


Actual expenditure was £66.423m.


The final outturn for 2017/18 was a minor funding deficit of £0.068m.  There had been a number of capital receipts in year and a small increase in capital funding announced in the Final Settlement.  In addition, in November Welsh Government (WG) announced an additional £100m of capital funding spread across 2018/19 to 2020/21.  Taken together, with an original projected shortfall of £8.216m in the capital programme 2018/29 to 2020/21 put the current funding deficit for the three year period at £1.187m.




(a)       That the overall report be approved; and


            (b)       That the carry forward adjustments be approved.