Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: September 16, 2025

Purpose: Quarterly Capital Budget Monitoring report for financial year 2025/26

Content: Resolved:   That Cabinet approve:   a)    The virement of £0.175m from Schools Maintenance and Modernisation capital scheme line to the Stonehenge School Replacement of Lower Block capital scheme line to complete the project; and   b)    the grant income applied for and/or received as set out in Appendix C and Appendix D.   That Cabinet note:   c)    The additional budgets funded by grants, developer contributions, other contributions and earmarked reserves revenue contribution to capital added to the programme of £24.655m under Chief Finance Officer delegated powers;   d)    The removal of £0.490m budget due to a lower than expected grant award in 2024/25 under Chief Finance Officer delegated powers;   e)    The budgets brought forward from future years into the 2025/26 programme totalling £7.409m to support the delivery of accelerated projects under Chief Finance Officer delegated powers;   f)     The budgets reprogrammed from 2025/26 into future years totalling £41.114m to align with forecast delivery under Chief Finance Officer delegated powers;   g)    The revised 2025/26 Capital Programme forecast as at quarter one of £245.577m; and   h)    The capital spend as of 30 June 2025 of £30.178m   Reason for Decision:   To inform effective decision making and ensure sound financial management as part of the Councils overall control environment.   To inform Cabinet on the financial position of the Council on the 2025/26 capital programme as at quarter one (30 June 2025).