Purpose

To receive the outturn of the capital
programme for 2023/24.

Decision

Recommend that Council note:
 

1)            
That the actual capital spending in 2023/24 was £12.792M as
shown in Table 3 of the report. This is £7.704M less than the
latest agreed capital programme budget of £20.496M. The
actual capital financing in 2023/24 is also shown in Table 3 of the
report.
 

2)            
The 2023/24 significant outturn variations and explanations for
them are shown in Appendix 1 and section 2 of the report.
 

3)            
The addition of £0.189M to the programme and rephasing since
the last reported position in February 2024, under delegated
powers, as shown in Table 4 and paragraphs 2.5 to 2.9 of the
report.
 

4)            
The impact of scheme variances for 2023/24 on future years’
capital expenditure has been reported to the Capital Programme
Board and has been included in the revised capital programme to
2027/28 aligned to Council Plan Priorities.
 

5)            
The revised capital programme for 2024/25 to 2027/28, adjusted for
slippage and rephasing and net additions contained within section 3
of the report and detailed in Appendices 2 and 3 of the report.
 

6)            
That the capital programme remains fully funded from the
council’s own resources up to 2027/28, based on the latest
forecast of available resources.
 
Recommend that Council approve:
 

7)            
Additions to the capital programme of £0.763M shown in
Appendix 2 of the report and as detailed in paragraphs 3.19 to 3.26
of the report as follows:
 
·      
AMP Works (various sites) - £0.012M in 2024/25 funded from
S106 Developers’ Contributions;
·      
Open Space Improvements - £0.036M in 2024/25 funded from S106
Developers’ Contributions.
·      
Play Area Improvements - £0.031M in 2024/25 and £0.002M
in 2025/26 funded from S106 Developers’ Contributions;
·      
Home Improvement Financial Assistance - £0.145M in 2024/25
funded from additional government grant;
·      
Rural England Prosperity Fund - £0.020M in 2024/25 funded
from additional government grant;
·      
UK Shared Prosperity Fund - £0.070M in 2024/25 funded from
additional government grant;
·      
(New capital scheme) Tadley Health and Fitness Facility –
Energy Improvements - £0.098M funded from additional
government grant;
·      
Digital Programme - £0.034M in 2024/25 funded from the
Efficiency, Digital and Transformation Reserve;
·      
Electric Vehicle (EV) Charging Points - £0.033M in 2024/25
funded from the Climate Change Reserve;
·      
Tadley Health And Fitness Facility - £0.059M in 2024/25
funded from revenue reserves for capital purposes; and
·      
Replacement of Council Owned Vehicles - £0.211M in 2024/25
and £0.012M in 2025/26 funded from revenue reserves for
capital purposes.

 

8)            
The other capital programme changes shown in Appendix 2 of the
report including 2023/24 outturn and future years rephasing,
savings and a scheme virement detailed in paragraph 3.29, relating
to Electric Vehicle (EV) Charge Points and the Parking and Access
scheme (£0.023M in 2024/25).
 

9)            
The revised capital programme for 2024/25 to 2027/28 as shown in
Appendix 3 and the programme financing as shown in section 3 of the
report.