Purpose

Final year end financial position for the capital investment programme for the year 2023/24

Decision

Cabinet noted: 

a)    the additional capital budgets of £0.470m in 2023/24that have been added to the capital programme under Chief Finance Officer delegated powers. 

b)   that £20.937m budget that has been brought forward from future years to the 2023/24 programme to support the delivery of accelerated projects, in year project overspend, or amendment to in year slippage under Chief Finance Officer delegated powers. 

c)    themovement between capital schemes of £0.414m Chief Finance Officer delegated powers. 

d)   the £26.870m of capital programme slippage to be rolled forward into future financial years. 

e)    the capital programme end of year spend position of £163.421m for financial year 2023/24. 

Cabinet approved:

f)     the removal of the following budgets as schemes are either complete or not progressing: 

             i.£0.014m for the Microsoft Cloud Navigator Project; 

            ii.£0.007m from the LED Street Lighting Project; 

          iii.£0.003m from the Dunnes Lane Car Park project; 

          iv.£0.007m from the Wiltshire Online 

            v.£0.028m from the Area Board Grants

Reason for Proposals 

To inform effective decision making and ensure sound financial management as part of the Councils overall control environment.  

To inform Cabinet on the final year end capital outturn position for the Council for the financial year 2023/24.