Issue - meetings

Cabinet member: Cllr Sati Buttar

To receive the provisional capital outturn report for 2019/20.

Cabinet considered a report on the provisional capital outturn spend for 2019/20. 

The majority of the £153.7m underspend related to property development schemes and the remainder to Corporate ICT projects. The proposed capital carry forward of £76.5m included £76.4m for the development of Oast House and various other capital schemes.

Resolved to:

1.    note the provisional capital outturn spend for 2019/20; and

2.    approve the capital carry forward of £76,525,900.

To note the provisional capital outturn report for 2019/20 which will be considered by Cabinet at their meeting on 15 July.

The Chief Finance Officer presented a report on the 2019/20 provisional capital outturn and responded to Committee members’ queries.

Members raised concerns about: the accuracy of future expenditure requirements, whether the Committee should review reasons for carry forward requests, the apparent inconsistency of such requests and the resulting difficulty in scrutinising the report. A member proposed that the Committee should include scrutiny of the Council’s project accounting in relation to the capital budget as part of its work programme.

Resolved to:

1.    note the 2019/20 provisional capital outturn and the carry forwards totalling £76,525,900; and

2.    propose that scrutiny of the Council’s project accounting in relation to the capital budget be included in the Committee’s work programme.