Issue - meetings
Capital Monitoring Report Q3 (Oct-Dec 2021)
Meeting: 14/03/2022 - Corporate Policy and Resources Committee (Item 44)
44 Capital Monitoring Report Q3 (Oct-Dec 2021) 
PDF 241 KB
The capital monitoring report covers the cumulative actual expenditure to date, against the cumulative council approved capital programme budget and compares this against the latest forecast outturn from officers.
Additional documents:
- Appendix A - summary capital expediture by committee, item 44
PDF 11 KB
- Appendix B - detailed capital expenditure report, item 44
PDF 33 KB
- Appendix C - Procurement UK Material Price Movements, item 44
PDF 716 KB
Decision:
The Committee noted the current level of overspend on capital expenditure against its Capital Programme provision as at 30 September 2021.
Minutes:
The main changes to this quarter’s report were due to a small number of significant projects (Oast House, the Leisure Centre and Victory Place- although given that the report was based on the position as at 31 March 2021 it did not reflect in the estimated outturn the recent inflationary uplifts for the Leisure Centre and Victory Place). There were significant pressures arising from inflation, particularly in the construction sector. The funding market was frequently reviewed in an attempt to mitigate increasing project costs as much as possible.
The Committee requested that current project budgets be compared to their original budget as well as the last quarter.
The Committee noted the current level of overspend on capital expenditure against its Capital Programme provision as at 30 September 2021.