Revised forecast of local authority capital expenditure and receipts in England for 2011 to 2012.
The 2011 to 2012 forecast previously published on 28 June 2011 as part of 2010 to 2011 provisional outturn and 2011 to 2012 forecast has been revised due to amendments made to the forecast expenditure figures for 2011 to 2012 in tables 1, 2, 5a and b, 6, 7, 9 and annexes A(1), (2) and (3). The numbering of the tables has been changed.
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) and 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.