Issue - meetings

As detailed in the recommendations.

Councillor Johnson introduced the report which summarised the final outturn position for 2020/21 together with changes made to the Capital Programme during the last quarter.

            The Capital Programme had seen a net reduction in budget of £10.726m during the last quarter which comprised of:

·         Net budget reduction in the programme of £3.996m – Council Fund (CF) £4.082m, Housing Revenue Account (HRA) £0.086m

·         Net Carry Forward to 2021/22 of £4.352m

·         Identified savings at Outturn of £0.650m

Actual expenditure for the year was £62.915m.  The final outturn funding surplus from the 2020/21 Capital Programme was £1.968m.

The 2021/22 – 2023/24 Capital Programme was approved on 8^th December 2020 with a funding deficit of £1.317m.  Following the final local government settlement, the Council received additional funding which resulted in the programme being in a surplus position of £0.144m over the three year period.  That surplus carry forward would lead to an opening funding position surplus of £2.112m, prior to the realisation of additional capital receipts and/or other funding sources.

RESOLVED:

(a)       That the report be approved; and

(b)       That the carry forward adjustment requests be approved.