This report presents the Capital Outturn position for the year ending 31 March 2021 and also provides and update on the annual Treasury Management position.  Capital expenditure is intrinsically linked with Treasury Management as the way that the Capital Programme is funded, directly effects the Treasury Management arrangements of the Council.

In accepting the recommendations, Cabinet will approve and recommend to Council that the 2020/21 capital outturn position of £17,554,253 at paragraph 2.3 and attached at Annex A of the report be noted; the over spend of £150,904 at paragraph 2.6 of the report and under spend of £30,820 be approved; the requests at paragraph 2.9 of the report for re-profiling the capital schemes totalling £8,138,284 from 2020/21 programme to 2021/22 and at paragraph 2.6 of the report for re-profiling £1,039,398 from 2021/22 to 2020/21 be approved; the request at paragraph 2.10 for re-profiling the additional capital schemes totalling £7,547,672 from 2020/21 programme to 2021/22 as attached in Annex B of the report be approved; the increase in capital expenditure £600,000 in 2021/22 for the Treadmills Phase 2 scheme as detailed in paragraph 4.1 of the report be approved; the treasury management outturn position 2020/21 detailed at paragraph 6.1 of the report and Annex C be noted; the Prudential Indicators attached at Annex D of the report be noted; and the position of the Council’s third-party companies at Annex E of the report be noted.

The subject of the decision:

This report presented the Capital Outturn position for the year ending 31 March 2021 and also update on the Annual Treasury Management position.  Capital expenditure was intrinsically linked with Treasury Management as the way that the Capital Programme was funded, directly effected the Treasury Management arrangements of the Council.

Alternative options considered:

None.

The reason for the decision:

To ensure that the overall Capital programme remained affordable and sustainable over the 10 year approved capital plan.

The decision:

That Cabinet approves and recommends to Council that:-

(a)      the 2020/21 capital outturn position of £17,554,253 at paragraph 2.3 and attached at Annex A of the report be noted;

(b)      the over spend of £150,904 at paragraph 2.6 of the report and under spend of £30,820 be approved;

(c)      the requests at paragraph 2.9 for re-profiling the capital schemes totalling £8,138,284 from 2020/21 programme to 2021/22 and at paragraph 2.6 of the report for re-profiling £1,039,398 from 2021/22 to 2020/21 be approved;

(d)      the request at paragraph 2.10 of the report for re-profiling the additional capital schemes totalling £7,547,672 from 2020/21 programme to 2021/22 as attached in Annex B of the report be approved;

(e)      the increase in capital expenditure £600,000 in 2021/22 for the Treadmills Phase 2 scheme as detailed in paragraph 4.1 of the report be approved;

(f)       the treasury management outturn position 2020/21 detailed at paragraph 6.1 of the report and Annex C be noted;

(g)      the Prudential Indicators attached at Annex D of the report be noted; and

(h)      the position of the Council’s third-party companies at Annex E of the report be noted.