Purpose

To report any adjustments to the in-year programme.

Content

RESOLVED
 
KEY DECISION
 
That the Executive:
 

a)       
Approved the following changes into the capital
programme:

 

i)   
Local Authority Housing Fund – Round 3 (LAHF
3) - budget approval for £878k in 2025/26,
£636k in the General Fund, £242k in the Housing Revenue
Account (HRA) to be funded as follows: 

 

  

£396k - Ministry of Housing, Communities and Local
Government (MHCLG) grant  

£240k – virement from existing LAHF round 1
capital scheme, previously approved discretionary
funding  

 

Overall increase to General Fund Capital Programme =
£396k from new grant
allocation   

 

 

£132k – MHCLG grant  

£110k – virement from existing capital
development/ acquisition budget, previously approved discretionary
funding  

 

Overall increase to HRA Capital Programme = None –
change in funding mix within capital development/ acquisition
budget 

  

b)       
Noted the changes to the capital programme, following
approval by Directorate Capital Boards / Departmental Management
Team meetings, Chief Finance Officer (Section 151 Officer) and
Strategic Capital Board (where applicable), as detailed in table 1
in the report.  

 

c)        
Noted the drawdowns of block budgets contained within the
Capital Programme as detailed in table 2 in the
report.  

 

d)       
Noted the other material items considered by Strategic
Capital Board, as detailed in paragraphs 5.8 and 5.9 of the
report.  
 
Reasons for Recommendations
– These are set out in the greater detail within section 5 of
the report, but can be summarised as helping to meet the
Council’s corporate plan objectives:

-      
Green sustainable environment

-      
Better, brighter futures

-      
Safe and thriving places

-      
Connected communities

-      
Active, fulfilled lives
 
Alternative Options Considered
– For those schemes which are grant funded or from Section
106 contributions, they are undertaken in accordance with the
requirements of the grant conditions/ legal agreement and,
therefore, there is no alternative option proposed in this
report.