Issue - meetings

Capital Programme – Final Outturn 2019/20

Meeting: 16/06/2020 - Cabinet (Item 174)

174 Capital Programme – Final Outturn 2019/20 pdf icon PDF 139 KB

Additional documents:


As detailed in the recommendations.


Councillor Banks introduced the Capital Programme – Final Outturn 2019/20 report which summarised the final outturn position together with changes made to the Capital Programme during the last quarter.


            The Capital Programme had seen a net reduction in budget of £6.348M during the last quarter which comprised of:


·         Net budget reduction in the programme of £0.494M – Council Fund (CF) £0.948M, Housing Revenue Account (HRA) £0.454M; and

·         Net Carry Forward to 2020/21 - £4.034M, additional School Maintenance Grant £2.185M partially offset by Carry Forward reversal of £0.365M.


The Corporate Finance Manager explained that actual expenditure for the year was £63.014M.  The final outturn funding surplus from the 2019/20 – 2021/22 Capital Programme was £1.145M.


The 2020/21 – 2022/23 Capital Programme was approved on 28th January 2020, with a funding deficit of £2.264M.  The surplus carry forward would lead to an opening funding position deficit of £1.119M, prior to the realisation of additional capital receipts and/or other funding sources.


Councillor Carver, as Chair of Corporate Resources Overview and Scrutiny Committee, made the following comment:


“In these difficult and demanding times, Council staff are to be congratulated on their financial achievements in keeping on top of COVID-19 challenges which six months ago were unexpected”.




(a)       That the overall report be approved;


(b)       That the carry forward adjustments be approved; and


(c)        That the funding of schemes from the current ‘headroom’ be approved.