Issue - meetings
Capital Programme Monitoring 2021/22 (Outturn)
Meeting: 12/07/2022 - Cabinet (Item 11)
11 Capital Programme Monitoring 2021/22 (Outturn) PDF 322 KB
- Enc. 1 for Capital Programme Monitoring 2021/22 (Outturn), item 11 PDF 91 KB
- Enc. 2 for Capital Programme Monitoring 2021/22 (Outturn), item 11 PDF 75 KB
- Enc. 3 for Capital Programme Monitoring 2021/22 (Outturn), item 11 PDF 181 KB
- Webcast for Capital Programme Monitoring 2021/22 (Outturn)
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.