Purpose

Quarterly update on spend against the capital
programme.

Decision

Cabinet note:
 
1.     
The forecast capital expenditure for 2025/26 of £19.514M
which is £0.688M lower that the latest agreed capital
programme budget of £20.202M;

 
2.     
The approved increases to the 2025/26 capital budget from S106
contributions and scheme rephasing under the Chief Finance
Officer’s delegated powers as shown in section 2 of the
report;
 
3.     
The 2025/26 significant forecast variations and explanations for
them as
shown in section 3
of the report;
 
4.     
The latest forecast of capital receipts, grants and contributions
for 2025/26 in section 4 of the report;

 
5.     
The risks associated with the capital forecasts are as detailed in
section 9 of the report;
 
6.     
The latest approved capital programme for 2025/26 to 2028/29 and
the financing as shown in section 5 and detailed in Appendix 1 of
the report; and
 
7.     
The capital programme remains fully funded from the council’s
own resources up to 2028/29, based on the latest forecast of
available resources.
 
Cabinet recommend Council to approve:
 
8.   Changes to the capital programme as described in
section 6 of the report to support the delivery of Council Plan
Priorities as follows:
 

·    
an increase to the Manydown Development
scheme of £1.139M in 2025/26 and £0.153M in
2026/27;

·    
a reduction to the New Waste Collection Contract scheme of
£0.384M in 2025/26 and £0.069M in 2026/27;

·    
an increase to the Local Authority Housing Fund scheme of
£0.644M in 2025/26; and

·    
a new capital scheme for Affordable Housing Schemes with a capital
budget of £0.301M in 2025/26.