Purpose

To receive the
annual capital programme review and the strategy.
 

Decision

Note:
 
1)     
The addition of £46.919M to the capital programme requiring
approval to spend and the removal of capital scheme savings of
£1.202M which gives rise to a net increase of £45.717M
to the overall capital programme as detailed in sections 4 to 6 and
Appendix 2 of the report.

 
2)     
The revised capital programme which totals £167.870M as
detailed in sections 2 to 9 and Appendix 1 of the report and the
associated use of resources.
 
3)     
The rephasing, slippage and scheme virements as set out in sections
7 to 9 and as detailed in Appendix 3 of the report.
 
4)     
The capital programme remains fully funded up to 2027/28 based on
the latest forecast of available resources.
 
5)     
That a review of the Capital Programme Strategy has been undertaken
as detailed in section 13 and the updated Capital Programme
Strategy as detailed in Appendix 4 of the report.
 
Recommends that Council:
 
6)     
Agree the addition of £46.919M to the capital programme and
the removal of scheme underspends of £1.202M, which gives
rise to a net increase of £45.717M to the overall capital
programme as detailed in sections 4 to 6 and Appendix 2 of the
report.

 
7)     
Approve the revised capital programme, which totals £167.870M
(as detailed in sections 2 to 9 and Appendix 1 of the report) and
the associated use of resources.
 
8)     
Approve expenditure being incurred on capital schemes in accordance
with the revised capital programme and the Financial
Regulations.
 
9)     
Approve the rephasing, slippage and scheme virements as set out in
sections 7 to 9 and as detailed in Appendix 3 of the report.
 
10) 
Approve the addition of a new scheme for the redevelopment of the
leisure park with approval to spend subject to a successful
procurement process and sign off of Final Business Case to be
phased £36.368M to 2027/28 £24.632M in 2028/29 as
detailed in paragraph 5.3 and confidential appendix 5 of the
report.
 
11) 
Approve the addition a new scheme for Replacement Waste Collection
Vehicles with a budget of £5.000M in 2025/26 as detailed in
paragraph 5.9 of the report subject to finalisation of the future
Waste Services provision option.
 
12) 
Note that the capital programme remains fully funded up to 2027/28
based on the latest forecast of available resources.
 
13) 
Approve the Capital Programme Strategy including financial polices
detailed in Appendix 4 of the report.
 
14) 
Approve the updated CIL Allocation Policy detailed within the
Capital Programme Strategy as Annex 3 of the report.