Report by:
Thomas Glen, Depute Chief Executive – Place, Neighbourhood & Corporate Assets
TN Number:
080-21
Friday, 9 July, 2021
Subject:
General Fund Capital Programme 2020/21 – Outturn Position
Responsible Officer:
Fraser Robb, Development & Investment Manager – 07825 754 618
Publication:
This Technical Note will be published on the Council’s website following circulation to Member. Its contents may be disclosed or shared outwith the Council.
Details:
- On 29th June 2021, Council agreed that the Unaudited Accounts for 2020/21 should be passed to external auditors to initiate the audit process and for final Audited Accounts being presented to a future meeting of the Council’s Audit & Risk Committee before the end of October 2021 (Report ref: CFO/10/21/JR).
- In relation to the General Fund Capital Programme 2020/21, paragraph 9.3 advised the final outturn represents a underspend within general capital equating to £3.071m against the revised budget’.
- In fact, £3.071m represents an overspend within the General Fund Capital Programme in comparison to the most recently projected outturn position reported at March 2021, i.e. £3.071m of additional expenditure has occurred before the end of financial year 2020/21 in comparison to estimated expenditure.
- As detailed at paragraph 9.4 of the Report, this performance measured as a proportion of estimated expenditure at March 2020/21 results in an outturn position of 111%. Performance measured as a proportion of the original General Fund Capital budget established in February 2020 results in an outturn position of 78%.
Distribution List:
All Elected Members, Corporate Management Team, Executive Officers, HSCP Management Team, Corporate Communications