The data in the spreadsheets have been revised due to amendments made to the forecast expenditure figures for 2011 to 2012. They were originally published on 28 June 2011 and were used to compile the forecast estimates of local authority capital expenditure and financing for the financial year April 2011 to March 2012.
The main change to the national level figures was due to revised Greater London Authority (GLA) data. To produce accurate national figures internal transactions between bodies within the GLA group (see definition in the terminology section of the statistical release) have been removed to give a true picture of expenditure and financing.
The 2 main figures that are impacted are:
- capital grants: a removal of £868 million
- General Fund CERA (see definition in the terminology section of the statistical release): a net removal of £446 million
These transactions were associated with Crossrail financing and expenditure and this has impacted on the headline comparison in capital expenditure made in the original release.
It was also decided to input the other 3 revised returns, with minor amendments, that had been received after the publication of the statistical release.