Issue - meetings

Consideration was given to the report of the Chief Officer Resources.

The Chief Officer Resources provided the Executive with an overview of each Portfolio’s provisional outturn capital expenditure against funding approvals for the 2020/2021 financial year. The Chief Officer reported that the overall provisional financial position as at 31st March, 2021 indicated a £161k underspend against a total in year capital budget of £17.78m and detailed the short and long term impact on the budget as outlined in the report.

With regard to the Joint Budget Scrutiny Committee discussions, the Chief Officer Resources reported that discussions had been around the overspending areas and confirmed that concerns had been addressed.

RESOLVED that the report be accepted and

a)   the appropriate challenge to the financial outcomes in the report. Was provided; and

b)   the appropriate financial control procedures agreed by Council continue to be supported; and

c)   the budgetary control and monitoring procedures in place within the Capital Team, to safeguard Authority funding be noted.