Decision Maker: Cabinet, Council

Outcome:

Is Key Decision?: No

Is Callable In?: No

Date of Decision: October 7, 2025

Purpose: Quarterly update on spend against the capital programme.

Content: Cabinet note:   1.      The forecast capital expenditure for 2025/26 of £19.514M which is £0.688M lower that the latest agreed capital programme budget of £20.202M;   2.      The approved increases to the 2025/26 capital budget from S106 contributions and scheme rephasing under the Chief Finance Officer’s delegated powers as shown in section 2 of the report;   3.      The 2025/26 significant forecast variations and explanations for them as shown in section 3 of the report;   4.      The latest forecast of capital receipts, grants and contributions for 2025/26 in section 4 of the report;   5.      The risks associated with the capital forecasts are as detailed in section 9 of the report;   6.      The latest approved capital programme for 2025/26 to 2028/29 and the financing as shown in section 5 and detailed in Appendix 1 of the report; and   7.      The capital programme remains fully funded from the council’s own resources up to 2028/29, based on the latest forecast of available resources.   Cabinet recommend Council to approve:   8.   Changes to the capital programme as described in section 6 of the report to support the delivery of Council Plan Priorities as follows:   ·     an increase to the Manydown Development scheme of £1.139M in 2025/26 and £0.153M in 2026/27; ·     a reduction to the New Waste Collection Contract scheme of £0.384M in 2025/26 and £0.069M in 2026/27; ·     an increase to the Local Authority Housing Fund scheme of £0.644M in 2025/26; and ·     a new capital scheme for Affordable Housing Schemes with a capital budget of £0.301M in 2025/26.