Purpose

Effective use of our capital resources to meet
the Council Plan investment priorities and delivering value for
money for residents.

Content

RESOLVED
the Executive:
 

1)   
noted the position of the capital programme at the
end of Quarter 3 (to 31 December 2025) as summarised in the report
below and set out in detail in Appendix A to the report;
 

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 2025/26 capital programme which include;
 

a.   
The release of £1.012m of S106 developer
contributions towards supporting care home sufficiency within
Wokingham Borough.

b.   
A reduction of £223,002 in the schools
devolved capital budget due to a number
of schools that have transferred to Academy Status and the
grant received is now paid to the Academy Trustees. The revised
budget will match the ringfenced grant funding received from the
DfE.

c.    
Subject to successful external grant funding, a
capital budget of £50,000 for construction of a flood
attenuation basin in Wokingham. The additional budget will be
funded by the Thames Regional Flood and Coastal
Committee.

d.   
Subject to successful external grant funding, a
capital budget of £50,000 for Natural Flood Management
interventions at Stanlake Park, Hurst
to reduce the frequency of surface water / fluvial flooding
affecting properties and infrastructure in Hurst. The additional
budget will be funded by the Thames Regional Flood and Coastal
Committee.