Purpose

To consider the Capital Monitoring position at
the end of Quarter 2.

Content

RESOLVED
that the Executive:
 
i)              
noted the position of the capital programme at the
end of Quarter 2 (to 30 September 2024) as summarised in the report
and set out in detail in Appendix A to the report;

 
ii)             
approved and noted the proposed carry forwards in
the capital programme as set out in Appendix B;
 
iii)           
noted and approved the following budget adjustments
to the capital programme which include;
 

a.   
An additional £845,000 capital budget be added
to the secondary school expansion budget for 2024/25 to enable
additional places at Piggott and St Crispin’s. This is an
acceleration of budget from the 2025/26 budget allocation and is
funded from received and unringfenced
DfE grants
 

b.   
An additional £309,600 capital budget in
2024/25 towards Wraparound & Early Years Entitlement. This
additional contribution is funded from the Childcare Expansion
capital grant that has been received by the Council.
 

c.    
An additional £100,000 capital budget in
2024/25 towards Residential Children’s Home / Multifaceted
Placement Hub. This additional contribution will be funded from
revenue contributions achieved through cost reductions from this
investment.
 

d.   
An additional £324,625 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.
 

e.   
An additional £528,445 capital budget in
2024/25 towards upgraded traffic signal systems at various
locations. This additional budget be funded from the Traffic Signal
Obsolescence Grant (TSOG) that has been received by the
Council.
 

f.     
An additional £89,000 capital budget in
2024/25 towards purchase of waste recycling bags. This is an
acceleration of budget from the 2025/26 budget allocation to ensure
we have supply continuity for 2025/26.