To inform cabinet of the revised presentation of the capital outturn figures for 2015/16 following the identification of errors in one table within the report to cabinet on 16 June 2016.

A report to inform cabinet of the revised presentation of the capital outturn figures for 2015/16 following the identification of errors in one table within the report to cabinet on 16 June was noted.

The head of corporate finance reported that the 2015/16 capital outturn reported to cabinet on 16 June had contained correct data relating to capital spend in 2015/16 but that the second table in appendix B to the report showing spend per capital scheme contained twenty three inaccuracies.  This error had not affected the total capital spend reported, the funding of that investment or the 2016/17 capital budgets presented on 21 June. This error did not impact on the treasury management outturn approved by Council on 15 July, and no decisions had been founded on the inaccurate data in the table.

The error arose from moving source data into the 2015/16 outturn compared to 2015/16 budget table included in appendix B, rather than from any inaccuracy in the source data itself. The table was intended to provide greater clarity on where capital investment in 2015/16 was allocated by capital scheme. Action had been taken to strengthen the quality assurance of data tables produced for reports to minimise the potential for such human error in the future.

Resolved: That the revised table (at paragraph 7) summarising capital spend against budget in 2015/16 be noted.