Purpose

Quarterly report

Content

The Council’s Capital
Programme for 2024/25 to 2027/28 was approved by Full Council in
February 2024 as £666.264m.  The
programme was revised to £674.977m following additions agreed
by Cabinet in July 2024.   
The report set out the recommended changes for approval and would
result in the Capital Programme increasing to
£686.639m.   Since the Budget
changes agreed by Cabinet in July 2024, £2.007m of additions
have had Leader or Cabinet decision approval (Denmark Street Future
High Street project, Disposal of Old County Offices, Aston Clinton
Traffic Calming Phase 1, and the Libraries Transformation
Programme).  
 
The report recommended further
changes which had been recommended through the Council’s
Gateway process: 
• Additions of
£10.237m for new projects of which £5.187m are
externally funded from grants and s.106, and £5.000m for
additional roads funding is to be transferred from the Revenue
budget, as originally approved at full council due to the Capital
nature of the works, and a further £50k for Aylesbury Town
Centre Improvement works funded from the Economic
Reserve.  
• Reductions of
£0.582m, where external funding has been reviewed.
• A reprofile of the
programme to align with current project delivery plans, including
£24.487m is recommended to be reprofiled from 2024/25 to
future years.  
 
RESOLVED that the recommended changes to the Capital Programme
be approved:
1.
£10.237m of additions to the Capital Programme, of which
£5.187m are funded from ringfenced grants and s.106, and
£5.050m is funded from ringfenced council
reserves. 
2.
£0.582m of technical adjustments from the capital programme
for adjustments to external funding. 
3.
The revised £686.639m Capital Programme, with £24.487m
reprofiled from 2024/25 into future years.  
4. the release of funding of
£3.222m relating to the projects set out in section 5 of the
report.