Purpose

To consider the Capital Monitoring Report for
the first quarter of the financial year.

Decision

Note:
 
1)    
The forecast capital expenditure for 2023/24 of £35.496M
which is aligned with the latest agreed capital programme
budget

 
2)    
The 2023/24 significant outturn variations and explanations for
them as shown in section 4 of the report.
 
3)    
The quarter one forecasts and impact of scheme variances for
2023/24 on future years’ capital expenditure were reported to
the Capital Programme Board in August 2023.
 
4)    
The latest forecast of capital receipts, grants and contributions
for 2023/24 in section 5 of the report.
 
5)    
The risks associated with the capital forecasts are as detailed in
section 8 of the report.
 
6)    
The latest approved capital programme for 2023/24 to 2026/27 and
its financing as shown in section 6 and
detailed in Appendix 1of the report.
 
7)    
The capital programme remains fully funded from the council’s
own resources up to 2026/27, based on the latest forecast of
available resources.
 
Recommend Council to approve:
 
8)    
A budget virement as detailed in paragraph 1.5 of the report to
move £0.014M from Basing View Plot J Norden House scheme to
the Basing View Hotel (Plot W scheme).

 
9)    
Additions to the capital programme to support the delivery of
Council Plan Priorities as set out in section 9 of the report to
fund:
 

·        
the installation of HVO Fuel Tanks at depots £0.062M in
2023/24;

·        
additional vehicles for the Street Cleansing and Grounds
Maintenance Teams of £0.225M in 2024/25; and

·        
an increase to the Local Authority Housing Fund scheme of
£0.780M in 2023/24.