Issue - meetings

To report on the performance of the 2019/20 capital investment programme and present the financing of capital expenditure incurred during 2019/20; and to seek approval of a revised 2020/21 capital budget.

With reference to Minute 22 of the Executive (11^th August 2020) consideration was given to the 2019/20 final Capital Outturn position.

RESOLVED

(1)  That approval be given for the final position on capital spending and financing of £14,026m for 2019/20 as shown in Appendices 1 and 2 which equates to 90% of the final resources position; and

(2)  That approval be given to the revised capital budget for 2020/21 totalling £20.874m as outlined in Appendix 3 (including net carry forward of £1.406m).

To consider the 2019/20 final outturn position.

This report was considered by the Executive at its meeting on 11^th August and recommended to Full Council.

At this point Councillor Andy Fewings left the meeting.

Howard Hamilton-Smith presented a report to the Committee that had been previously been presented to a meeting of the Executive on 11^th August 2020.  The report to the Executive had:

a)    Reported on the performance of the 2019/20 capital investment programme; and

b)    Presented the financing of capital expenditure incurred during 2019/20; and

c)    Sought approval from the Executive of a revised 2020/21 capital budget after incorporating net carry forward commitments (slippage) from 2019/2020. 

The Committee was advised that the Executive had also been requested to recommend that Full Council approve the following:

a)    The final position on capital spending and financing of £14.026m for 2019/20 as shown in appendices 1 and 2 as attached to the report which equated to 90% of the final resources position; and

b)    The revised capita budget for 2020/21 totalling £20.874m as outlined in appendix 3 also attached to the report (including net carry forward of £1.406m).

Grounds for the recommendations to the Executive were outlined within the report.  The Committee was also advised that the Executive had recommended approval of the recommendations as detailed above to Full Council.

Councillor Bea Foster enquired regarding the remaining funds in the Ward Opportunities Fund.  Howard Hamilton-Smith advised that there had been a small amount of funds remaining at the end of the financial year that had not been able to be allocated, which had slipped into the current financial year, but had since been allocated.

IT WAS AGREED

That the report be noted.

To consider the 2019/20 final capital outturn position.  This report was considered by the Executive at its meeting on 11^th August and recommended to Full Council on 30^th September.

1.    To report to Members on the performance of the 2019/20 capital investment programme and present the financing of capital expenditure incurred during 2019/20; and

2.    To seek approval of a revised 2020/21 capital budget after incorporating net carry forward commitments (slippage) from 2019/20.

Purpose

1.    To report to the Executive on the performance of the 2019/20 capital investment programme and present the financing of capital expenditure incurred during 2019/20; and

2.    To seek approval of a revised 2020/21 capital budget after incorporating net carry forward commitments (slippage) from 2019/20.

Reason for Decision

To conclude the capital budget monitoring process for 2019/20 and report the final outturn position as outlined in the Council`s Statement of Accounts for 2019/20; and

To increase the 2020/21 Council capital programme for amounts carried forward from 2019/20 and other budget adjustments as shown in Appendix 3 of the report.

Decision

That the Executive recommend that Full Council approve:

1.    The final position on capital spending and financing of £14,026m for 2019/20 as shown in Appendices 1 and 2, which equates to 90% of the final resources position; and

2.    The revised capital budget for 2020/21 totalling £20.874m as outlined in Appendix 3, (including net carry forward of £1.406m).