Issue - meetings

Revenue & Capital Budget Update 2019/20 - Capital Outturn 2018/19

 

 

Meeting: 25/07/2019 - Cabinet (Item 23)

23 Revenue & Capital Budget Update - Capital Outturn 2018/19 pdf icon PDF 111 KB

Report of the Head of Corporate Resources

Minutes:

 

The Cabinet considered the report of the Head of Corporate Resources in relation to the capital outturn position for the financial year 2018/19. 

 

Decision Made:  That:

 

(1)

the capital outturn of £22.961m for the financial year 2019/20 be noted;

 

(2)

the successful delivery of a number of schemes that have supported the delivery of the core purpose as set out in section 3 to the report, be noted;

 

(3)

it be noted that, through investment in both ICT and building infrastructure the capital programme has enabled the delivery of significant savings that will contribute to the delivery of the medium term financial plan; and

 

(4)

It be noted that the previously approved grant funded schemes totalling £16.642m will have the funding carried forward into 2019/20.

 

Reason for the Decision:

 

The production of a capital outturn report is a key feature of effective financial management and will allow Members to make informed decisions that will support service delivery and medium term financial sustainability.

 

Alternative Options Considered and Rejected:

 

None.