Council is requested to consider the recommendation from the Policy and Resources Committee on 8 June 2022.

The minute extract and report are attached, and the appendices can be viewed here.

The fifth matter requiring approval was in relation to the Capital Outturn for 2021/22.

On a motion by Councillor Paul Stuart, seconded by Councillor Angie Davies, it was –

Resolved (unanimously) – That

(1)  the additional year-end re-profiling of £30.4m from 2021/22 to 2022/23 be noted.

(2)  the financing of the Programme for 2021/22 be noted.

(3)  the virements referred to in Appendix 3 of the report be approved.

The Director of Resources introduced the report which detailed the Capital Outturn for 2021/22, the resources used to fund the Programme and provided a review of the progress of the delivery of the agreed Capital Programme.

The Committee was advised that the capital expenditure for the year was £45.6m compared to the Revised Programme of £71.9m which was reported in February 2022 (Quarter 3). The reported detailed that £30.4m of capital had been re-profiled from 2021/22 to 2022/23 due to slippage, and a breakdown by directorate was provided to the Committee.

Resolved – That Council be recommended to:

(1)  note the additional year-end re-profiling of £30.4m from 2021/22 to 2022/23.

(2)  note the financing of the programme for 2021/22.

(3)  approve the virements referred to in appendix 3 to the report.