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.
Section
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%.
