Issue details

The report provides the Executive with details of the capital and treasury management outturn for 2018/19 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 2018/19 was £3,544,468 compared with the revised capital programme of £10,085,700.  The overall variance was £6,541,232 and a detailed analysis of the variations is given in Appendix A to the report.

Total savings of £46,675 were achieved, additional expenditure of £342,178 was incurred and a total of £6,836,735 will be carried forward to 2019/20. Details of the various methods used to finance this expenditure are set out in the report.

Full details of Treasury Management investment and borrowing activity in 2018/19 are also set out in the report. Treasury activity in 2018/19 is summarised below:

Net interest received in 2018/19 was £481,480 and net interest paid £1,728,219.

During 2018/19, the Council complied with its legislative and regulatory requirements of the Prudential Code.