Issue - meetings

Capital Programme Monitoring 2021/22 (Outturn)

Meeting: 12/07/2022 - Cabinet (Item 11)

11 Capital Programme Monitoring 2021/22 (Outturn) pdf icon PDF 322 KB

Additional documents:


As detailed in the recommendations.


Councillor Johnson introduced the item which summarised the final outturn position for 2021/22 together with changes made to the Capital Programme during the last quarter.


The Capital Programme had seen a net reduction in budget of £10.146m during the last quarter which comprised of:


·         Net budget reduction in the programme of £7.008m (see Table 2 – Council Fund (CF) (£6.293m), Housing Revenue Account (HRA) (£0.715m))

·         Net Carry Forward to 2022/23, approved at Month 9 of (£0.667m), switch of additional capital grants for Primary Free School Meals (£1.262m) and Integrated Care Fund (£0.839m) (all CF)

·         Identified savings at outturn (£0.370m) (all CF)


Actual expenditure for the year was £67.907m.


The Strategic Finance Manager explained that the final outturn funding surplus from the 2021/22 – 2023/24 Capital Programme was £6.296m.  The 2022/23 – 2024/25 Capital Programme was approved on 7th December 2021, utilising £4.147m of the current year surplus towards the programme and leaving a projected funding deficit of £0.081m, following the final local government settlement.  The final outturn for 2021/22 had the impact of a revised opening funding position surplus of £2.068m, prior to the realisation of additional capital receipts and/or other funding sources.


The Chief Executive added that the outturn expenditure, across the whole of the Capital Programme, was £67.907m.  The breakdown of expenditure was analysed in table 3 of the report, along with the percentage spend against budget.  It showed that 95.5% of the budget had been spent which was a good level. 




(a)       That the report be approved;


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


(c)        That the additional allocations be approved.