Issue - meetings

Cabinet Member: Finance

Forward Plan Ref: 2021/002

Contact: Hannah Doney, Head of Corporate Finance Tel: 07584 174654

Report by Director of Finance (CA8).

The Council’s ten-year Capital Programme sets out the agreed capital investment to deliver the priorities identified in the Council’s Capital and Investment Strategy.  The report sets out the performance against the planned capital programme for2020/21.  Figures shown in the report reflect those to be included in the Council’s Statement of Accounts for 2020/21.

The Cabinet is RECOMMENDED to note the performance against the capital programme for 2020/21 as set out in the report.

Recommendations agreed

Cabinet had before it a report setting out the performance against the planned capital programme for2020/21.  Figures shown in the report reflect those to be included in the Council’s Statement of Accounts for 2020/21.

Calum Miller, Cabinet Member for Finance, summarised the report.  He drew attention to the table on Agenda Page 122 which listed the underspends on the programme but noted that these were mostly cases of expenditure delayed and not foregone.

The Finance team was currently managing capital to minimise borrowing costs so grant or S106 funding was used first.  The biggest risk ahead lay in the management of the Housing Infrastructure Fund monies as these were time bound and claimed in arrears.  These elements were being tracked closely by Cabinet and officers.

RESOLVED: to note the performance against the capital programme for 2020/21 as set out in the report.