Issue - meetings
Asset Disposal and Capital Receipts Generated 2020/21
Meeting: 17/11/2021 - Governance and Audit Committee (Item 36)
36 Asset Disposal and Capital Receipts Generated 2020/21 
PDF 147 KB
Additional documents:
- Enc. 1 - Asset Disposals 2020/21, item 36
PDF 83 KB
- Webcast for Asset Disposal and Capital Receipts Generated 2020/21
Decision:
That the report be noted.
Minutes:
The Corporate Finance Manager presented the annual report summarising land disposals and realisation of capital receipts during 2020/21 and comparison with previous years. Capital receipts were aligned to contribute towards the Council’s programme of capital schemes across all portfolios. The revenue implications from capital expenditure were highlighted, along with the continued reduction in Welsh Government support for capital expenditure.
As requested by Allan Rainford, the Strategic Finance Manager provided clarification on the robust process for reviewing assets and approving disposals, and the engagement between Finance and Valuation & Estates to review capital receipts. He also advised that future projections on asset disposals formed part of work on the Asset Management Plan.
The recommendation was moved and seconded by Councillors Arnold Woolley and Patrick Heesom.
RESOLVED:
That the report be noted.