Purpose

The report will present a financial update alongside
the month 2+ Budget Monitor.

Content

Resolved –
 

(1) 
That the current forecast positions be noted and that the
Executive support the continued management of the Council’s
budgets.

 

(2) 
That the following capital expenditure schemes as outlined in
Section 10.8 of Document K be approved.
 
• Burley Recreation
Ground Pump Track £0.24m: The development of a cycle track at
Burley Recreation Ground, funded entirely by contributions from
local fundraising.
• Parking Pay &
Display Machines £0.151m: The installation of 50 new parking
pay and display machines in Bradford City Centre and outskirts, 17
of which are to replace existing obsolete machines with the
remaining 33 comprising new pay and display areas. This item will
be funded from revenue income generated by the new pay and display
machines.
• West Park Outdoor
Gym £0.035m: The installation of an outdoor gym in West Park,
Girlington. This item is funded by external grant.
• Abb Scott Lane Wall
Works £0.25m: To undertake necessary repair works to prevent
further collapse. Initially the works will be funded by the
Highways general reserve budget included in the Capital Investment
Plan, prior to seeking to recover the associated costs from the
adjoining landowners via the appropriate legal mechanisms.
• Foster Carer
Adaptations £1.5m: A £1.5m capital funding programme
providing carer adaptions over a three-year period based on
£500k per annum. 2025-26 will be funded by an underspend on
the Phase 2 Residential Capital programme. For 2026/27 onwards
additional capital funding will be required. It is requested that
delegated approval be given to the Strategic Director
Children’s Services and S151 Officer to sign off individual
requests. • Brackenhill Park £0.169m: A programme of
improvement works at Brackenhill Park, funded by capital receipts
generated from the sale of a derelict lodge at the park.
• Fleet & Plant
Replacement £0.585m: The replacement of plant and vehicles
used by the Highway Delivery Unit which have reached the end of
their useful life. This will be funded by borrowing and repaid via
an annual revenue contribution.
 

(3) 
That it be noted that the following capital expenditure is
approved under Section 1.7 of the Financial Regulations:

 
• Respite Home
£0.847m: The purchase and refurbishment of a property,
designed to enable short term emergency accommodation and support
for children.
• Foster Carer
Extensions £0.052m: New budget to complete extension works at
a property to enable the continuation of a foster care placement.
This will be funded from the 2024- 25 General Contingency budget
included in the Capital Investment Plan.
• Mountain View Wall
£0.256m: For remediation works to be carried out. This scheme
is funded from the general contingency budget.

 
To be actioned by:
Interim Strategic Director of Corporate Resources / S151

 

Overview and Scrutiny Area: Corporate

 
(Andrew Cross – 07870
386523)