Issue details

This report provides the Executive with details of the capital and treasury management outturn for 2014/15 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 capital programme.

Actual capital expenditure on General Fund and Housing Revenue Account schemes in 2014/15 was £19,775,116 compared with the revised capital programme of £23,070,860. The overall variance was £3,295,744 and a detailed analysis of the variations is given in Appendix A to the report.

Total savings of £179,974 were achieved, additional expenditure of £389,023 was incurred and a total of £3,504,793 will be carried forward into 2015/16.

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

Full details of investment and borrowing activity in 2014/15 are set out in the main body of this report.  Investment activity in 2014/15 is summarised below:

Total investment interest receivable for the year was £391,575.  The total of external interest paid on borrowing and other amounts invested with the Council was £1,402,028.

The net total of £1,010,475 has been allocated to the Council’s funds as shown in the following table:

During 2014/15, the Council complied with its legislative and regulatory requirements of the Prudential Code.