This report presents to Cabinet the capital outturn position for the year ending 31st March 2022 and also an 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 that Council notes the 2021/21 capital outturn position of £19,341,809 at paragraph 2.2 of the report with the detail attached at Annex A of the report; approves net carry forwards of budget to 2022/23 capital programme of £2,755,992 from quarter 4 detailed in Annex B of the report; notes the treasury management outturn position 2021/22 detailed at paragraph 5.1 of the report and Annex C and notes the Prudential Indicators attached at Annex D of the report.

The subject of the decision:

This report presented the capital outturn position for the year ending 31 March 2022 and also provided an 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 comply with the Chartered Institute of Public Finance and Accountancy (CIPFA) Prudential Code and the CIPFA Treasury Management Code of Practice.

The decision:

That Cabinet approves and recommends that Council:-

(1)     notes the 2021/21 capital outturn position of £19,341,809 at paragraph 2.2 of the report with the detail attached at Annex A of the report;

(2)     approves net carry forwards of budget to 2022/23 capital programme of £2,755,992 from quarter 4 detailed in Annex B of the report;

(3)     notes the treasury management outturn position 2021/22 detailed at paragraph 5.1 of the report and Annex C; and

(4)     notes the Prudential Indicators attached at Annex D of the report.