Decision details

To inform Cabinet of the latest Capital budget monitoring position as at 30 September 2021.

Cabinet was informed of the latest Capital budget monitoring position as at 30 September 2021. 

The report gave comprehensive information on Cabinet approved schemes active during the financial year. The programme approved adjustments to increase the budget and rolled forward from previous years; this totalled £682.400m.  An underspend of £5.720m over the life of these projects was forecasted; details were provided in Appendix 2 of the report. 

The prolonged effect of the Covid-19 virus continued to have an impact on some schemes and where necessary the profile of expenditure had been adjusted to reflect this fact.

Adult Social Care & Health had a projected underspend of £1.222m and a budget of £110.818m.  This comprised of 66 schemes, five of which accounted for 59% of the budget; the schemes were summarised in the report.

Children’s Services had a projected underspend of £3.412m and a budget of £151.527m.  This comprised of 687 schemes, six of which accounted for 29% of the budget; the schemes were summarised in the report.

Commissioning, Communities & Policy had a projected underspend of £0.753m and a budget of £71.288m.  This comprised of 261 schemes, five of which accounted for 69% of the budget; the schemes were summarised in the report.

Place had a projected underspend of £0.333m and a budget of £348.767m.  This comprised of 102 schemes which accounted for approximately 51% of the total Capital budget with five schemes accounting for 65% of the Place budget; the schemes were summarised in the report.

Appendix 3 attached to the report saw  a summary of the ten largest current capital schemes which represented approximately 48% of the current budget; there were projected to underspend by £0.045m.

RESOLVED – to note the current position on the monitoring of Capital schemes.