Purpose

To inform members of the capital programme
outturn for 2024/2025, seek approval for
the relevant budget carry forwards and demonstrate effective and
safe use of our
resources to deliver service improvements and service continuity
through capital
investments

Content

RESOLVED
that the Executive:

1)    
noted the outturn position of the capital programme
for 2024/25 as summarised in the report and set out in detail in
appendix A.
 

2)    
approved and noted the proposed carry forwards in
the capital programme as set out in Appendix B.
 

3)    
noted and approved the following budget adjustments
to the capital programme which include;
 
 
a. An additional £27,997
capital budget in 2024/25 towards classroom, toilet
&
corridor improvements at Robert
Piggott Infant School. This additional budget
requirement is funded from a
donation received to the Council.
 
b. An additional £829,704
capital budget in 2025/26 towards active travel fund
projects - Woodley/Reading
Active Travel Route and a new scheme utilising
the additional Active Travel
Fund grants. This additional budget requirement is
funded from the ringfenced
Active Travel Grants (ATF) that have been received by the
Council.
 
c. An additional £74,000
capital budget in 2025/26 towards the A4 Sutton Seeds Bus Priority.
The additional budget is funded from a contribution from Reading
Borough Council.
 
d. An additional £78,928
capital budget in 2024/25 and £259,059 in 2025/26.
These additional contributions
are funded from an uplift to the ringfenced
Disabled Facilities Grant
received by the Council.
 
e. An acceleration of
£7,840 capital budget from 2025/26 capital programme to
2024/25 to cover costs related to the Expansion of the Wokingham
Youth &
Community Centre.
 
f. An acceleration of
£3,000 capital budget from 2025/26 capital programme
to
2024/25 to cover costs related
to the Bush Walk Improvements project.
 
g. Additional borrowing of
£347,500 within the HRA to part fund the acquisition and
enhancement of two new properties supporting Adult Social Care
accommodation needs. The borrowing will be repaid via the rental
income on the properties.
 
h. A budget virement of
£240,000 for Emmbrook School Sixth Form Rebuild
Project, to fund the cost of
project development and enabling works.