Decision details

Decision Maker: Cabinet

Decision status: Information Only

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

This report presents the forecast, as at the 31st December, for capital expenditure and income up to the end of the financial year and compares it with the budget. The report also identifies risks and issues which could have significant financial impacts.

Decision:

Note:

1)    That forecast capital expenditure for 2020/21, as at the end of quarter three is £36.952M as shown in section 3 of the report. This is £7.736M less or 17.31% below the latest agreed capital programme budget at that point;

2)    The 2020/21 significant outturn variations and explanations for them are shown in section 4 of the report;

3)    The addition of £0.361M to the programme since the last reported position in October 2020, under Council approval and delegated powers as shown in section 3 and Appendix 1 of the report;

4)    The rephasing of £0.312M within the capital programme since the last reported position in October 2020, under delegated powers as detailed in section 3 and Appendix 1 of the report;

5)    The quarter three forecasts and impact of scheme variances for 2020/21 on future year’s capital expenditure was reported to Council in February 2021;

6)    The latest forecast of capital receipts, grants and contributions for 2020/21 in section 5 of the report;

7)    The risks associated with the capital forecasts are as detailed in section 7 of the report; and

8)    The capital programme remains fully funded up to 2023/24 based on the latest forecast of available resources.

 

Report author: Suzanne Jones

Publication date: 10/03/2021

Date of decision: 09/03/2021

Decided at meeting: 09/03/2021 - Cabinet

Accompanying Documents: