Purpose

The report sets the capital budget which will
be presented as part of the budget for 2026-27. As capital projects
can extend across financial years, the budgets provided will run up
to 2031,

Content

Resolved –
 
(1)          
That Executive approve the
following recommendations to Full Council for consideration at its
meeting on 10 March 2026:
 
Ø 
to approve
the Capital Strategy (including Prudential Indicators) as set out
at Section A.
 
Ø  to approve the capital expenditure for the General Fund and HRA as
set out in Appendix D for 2026-27 to 2030-31 subject
to:
 
§ 
all future
schemes being included in the Council approved Capital Programme;
§  all new schemes, including third party funded, only commencing with
a full business case assessed via Project Appraisal Group, CMT and
approved by Executive and subject to being in the Capital
Programme;
§ 
authority being given to the S151 Officer to allow specific exceptions to
the approval process when in their opinion it is in the Council's
interest. The S151 will keep a record of these exceptions and
report to Executive;
§ 
a further
review of the capital programme, in Summer 2026, and a report back
to Executive; and
§ 
continued update on the capital receipts potential, in the 2026/27
quarterly reports.
 
Ø 
approve the
inclusion of the new capital requirements for 2026-27 onwards as
detailed in Appendix B and C for inclusion in the programme and
subject to the same as above.
 
Ø  to approve that all projects follow the approved
business case governance process. Commitments against reserve schemes and contingencies can only
be made after a business case has been assessed by Project
Appraisal Group, CMT and approved by Executive.
 
Ø 
specific approval be given for the following schemes to commence
following a review by Project Appraisal Group:
 
§ 
The 2026-27
Property Programme has a proposed total cost of £2m and this
will be funded by £2m allocated in Capital Reserve
Schemes.
§ 
The 2026-27
BACES programme has a proposed cost of £0.5m, and this will
be funded by £0.5m allocated in Capital Reserve
Schemes.
§ 
£1.047m
to complete proposed improvement works at the Bradford Public
Mortuary and Forensic Science Centre. The funding is from Council
corporate borrowing, but it is anticipated that, in line with the
funding for the wider coroner’s service, contributions will
be received from Calderdale and Kirklees Councils.
§ 
£0.541m
to carry out external refurbishment works and replace flooring at
the Alhambra Theatre. This will be funded by corporate
borrowing.
 
Ø 
to approve
that no financing sources, unless stipulated in regulations or
necessary agreements, are ring fenced.
 
Ø 
to approve
the proposed financing of the capital programme and revenue
implications as set out in this report.
 
Ø 
to delegate
to the Section 151 the decisions surrounding financing of the
capital programme to provide sufficient flexibility to allow for
the most effective use of the Council’s
resources.
 
To be actioned by: Interim Strategic Director of Corporate
Resources / S151 
 
Overview and Scrutiny Area: Corporate
 
(Lynsey Simenton – 07582
102779)