Issue - meetings

To consider the report of the Chief Finance Officer.

The Executive received the report, which advised Members of the overall financial performance of the Council for the 2019/20 financial year in respect of the annual capital programme. The report also sought approval of the 2020/21 revised capital programme, including commitments which would be carried forward from 2019/20.

Particular reference was made to:-

·         the £40,620,961capital expenditure in 2019/20 and how it was financed;

·         the available capital receipts of £4,333,210 of which £330,000 would help fund the transfer back to the Council of the Leisure Services; and

·         a further funding request of £250,000 towards Pinhoe Station Road Playing Field upgrades which would be funded from Section 106 Agreements.

RECOMMENDED that Council approve:-

(1)        the overall financial position for the 2019/20 annual capital programme; and

(2)        the amendments and further funding requests to the Council’s annual capital programme for 2020/21.