Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: October 31, 2024

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.