Issue - meetings
Asset Management Outturn
Meeting: 22/06/2022 - Cabinet (Item 63)
63 Asset Management Outturn 2021/22 
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Finance and Resources
To report the actual expenditure against budget for the Asset Management Plan in 2021/22 and to update the AMP requirement for 2022/23.
Additional documents:
Decision:
Resolved:
1. That the expenditure for the year on Asset Management projects, as shown in Annex 1 to the report, be noted.
2. That the updated budget for Asset Management projects in 2022/23, as shown in Annex 2 to the report, be approved.
Minutes:
Consideration was given to the report of the Finance and Resources Portfolio Holder, which compared the actual expenditure on Asset Management Plan (AMP) projects with the approved budget for 2021/22.
The total revised AMP budget in 2021/22 was £3.750M. Actual expenditure in the year was £2.102M, leaving an overall positive variance of £1.648M. The outturn position for 2021/22 had been reviewed, following which the AMP requirement for 2022/23 had been updated.
Having considered the options and for the reasons set out in the report, Cabinet agreed to the following:
Resolved:
1. That the expenditure for the year on Asset Management projects, as shown in Annex 1 to the report, be noted.
2. That the updated budget for Asset Management projects in 2022/23, as shown in Annex 2 to the report, be approved.