Purpose

To approve capital budget outturn 2023-2024
including quarter one capital monitoring 2024-2025.

Content

That Council be recommended to approve:
1.   
The revised, medium term General Fund capital programme of
£383.1 million, an increase of £7.9 million from the
previously approved programme, and the change in associated
resources.
 
2.   
The revised, medium term Housing Revenue Account (HRA) capital
programme of £643.2 million, a decrease of £212,000
from the previously approved programme, and the change in
associated resources.

 
That
Cabinet approves:
1.   
The virements for the General Fund capital programme detailed at
Appendix 4 to the report for:

i.       
Existing projects totalling £7.0 million;

ii.      
New projects totalling £42,000.

 
2.   
The virements for the HRA capital programme detailed in Appendix 4
to the report for:

i.       
Existing projects totalling £15.8 million.

 
3.   
The continued delegated authority to the Deputy Director of Assets
to approve virements from the provision for future projects budget
held within the Corporate Asset Management capital programme to
individual schemes in order that corporate priorities can be
addressed in an agile and timely manner.
 
That Cabinet notes:

1.   
There are five new projects being created through virements which
are subject to separate detailed project reports also on
today’s agenda to the Joint Cabinet and Cabinet (Resources)
Panel meeting. The inclusion of these projects into capital
programme is on the assumption that the approval for the virements
is given. If the projects are not approved, the capital programme
would be amended accordingly. The reports are:

                  
i.      
Expansion of Special Educational Needs Provision;

                
ii.      
Secondary School Expansion Programme 2025.