Issue - meetings
Capital and Balance Sheet Outturn 2023-24
Meeting: 13/06/2024 - Executive Cabinet (Item 5)
5 Capital and Balance Sheet Outturn 2023-24 
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To receive and consider the report of the Director of Finance.
Additional documents:
Decision:
1. To approve the revised capital programme, attached at Appendix A, which includes an amendment to the programme of £3.989m, as detailed at point 12 of this report.
2. To note the variations to the programme (which are detailed by scheme at Appendix B and referenced within the body of the report).
3. To note the position in the Balance Sheet monitoring section of the report, in respect of cash, investment and loan balances, and debtors, as at 31st March 2024.
Minutes:
Councillor Peter Wilson, Executive Member for Resources, presented the report of the Director of Finance which set out to report the outturn financial position of the council in respect of the capital programme at 31 March 2024, while key issues were highlighted and key variances explained, in addition to an overview of various elements contained within the Council’s balance sheet at 31 March 2024.
In summary, the Capital Budget for 2023/24 was set at £21.103 by the Council in February 2023. This was increased due to the approval of the 2022/23 outturn to £22.998m, then amended in the Quarter 1, Quarter 2 and Quarter 3 Capital Monitoring Reports, which covered the first 9 months of the year to £15.882m as approved by the Executive Cabinet in February 2024.
Resolved:
1. To approve the revised capital programme, attached at Appendix A, which includes an amendment to the programme of £3.989m, as detailed at point 12 of this report.
2. To note the variations to the programme (which are detailed by scheme at Appendix B and referenced within the body of the report).
3. To note the position in the Balance Sheet monitoring section of the report, in respect of cash, investment and loan balances, and debtors, as at 31st March 2024.
Reasons for recommendations
To ensure the Council’s Capital Programme is monitored effectively.
Other options considered and rejected
None, it is a requirement to report quarterly on the Capital and Balance sheet budget monitoring.