Issue details

This report provides the Executive with details of the capital and treasury management outturn for 2016/17 to comply with the reporting requirements of the Code of Practice for Treasury Management.  The report also seeks approval for the proposed methods of financing the General Fund capital programme.

Actual capital expenditure on General Fund schemes in 2016/17 was £21,116,334 compared with the revised capital programme of £29,132,600.  The overall variance was £8,016,266 and a detailed analysis of the variations is given in Appendix A to this report.

Total savings of £106,008 were achieved, additional expenditure of £89,622 was incurred and a total of £7,999,880 will be carried forward into 2017/18

Details of the various methods used to finance this expenditure are set out in this report.

Full details of Treasury Management investment and borrowing activity in 2016/17 are also set out in this report.  Investment activity in 2016/17 is summarised below

Total external investment interest received for the year was £272,084.  The total of external interest paid on borrowing and other amounts invested with the Council was £1,405,260.

The net total of £1,133,176 has been allocated to the Council’s funds as shown in the following table:

During 2016/17, the Council complied with its legislative and regulatory requirements of the Prudential Code.