Issue - meetings

Cabinet Member: Finance

Forward Plan Ref: 2021/225

Contact: Kathy Wilcox, Head of Financial Strategy Tel: 07788 302163

Report by Director of Finance (CA7).

To note the performance against the capital programme for 2021/22 as set out in the report.

The Cabinet is RECOMMENDED to note the performance against the capital programme for 2021/22 as set out in the report.

Recommendations agreed

Cabinet considered a report setting out the performance against the Capital Programme shown in the latest monitoring report for2021/22 and also comparing back to the capital programme agreed by Council in February 2021.  The figures shown reflected those to be included in the Council’s Statement of Accounts for 2021/22.

Councillor Calum Millar, Cabinet Member for Finance, drew attention to the table in paragraph 14 of the report which showed the underspend in the programme for 2021/22.  Some of this related to significant projects that were being re-profiled for the new financial year and did not represent a risk to the grant funding.

He took the opportunity to report that there were significant pressures across the programme as a result of construction and other inflation.  Officers have been asked to assess the programme as a whole, and particularly the projects that have fixed grant funding, and report back to Cabinet.

The Chair moved the recommendations which were agreed.

RESOLVED: to note the performance against the capital programme for 2021/22 as set out in the report.