Issue - meetings

Councillor S. Buttar

Cabinet is asked to note the current level of actual spend, committed spend and projected underspend capital expenditure in 2020/21 as at 31 March 2021.

Cabinet received the Interim Capital Monitoring Report for 2020/21 as at 31 March 2021.

Cabinet noted that prior to 31 March 2017 the Council had a modest capital programme which would see projects normally completed in the relevant financial year or carried forward into the following year, when it was completed quickly thereafter.

Since 1 April 2017 the Council’s Capital Programme has evolved considerably, and the Council’s financial reporting needed to evolve to keep pace with the changes. As a result finance officers are now reporting on the cumulative impact of the Council’s Capital Programme from 1 April 2017 to date, for budget (original and amendments) actual expenditure and expected outturn to complete the whole project, with a variance between the approved cumulative budget and expected outturn shown.

Resolved to note the Interim Capital Monitoring Report 2020/21 as at 31 March 2021.