Decision details

The Director of Resources and Deputy Chief Executive submitted a report asking committee to approve the 2023/24 revised estimate for this Committee’s capital programme.

Nine schemes totalling £522k had been approved by Special Policy and Finance committee and full Council in February and March 2023 respectively. During the year, additional budget of £72k had been approved for three new schemes bringing the total approved budget for twelve schemes to £594k.

Progress on each of the capital schemes had been discussed with budget holders, and the capital programme had been revised to reflect progress and the estimated full year expenditure for 2023/24. This resulted in a proposed revised estimate of £346k for ten schemes, a reduction of £248k from the total approved budget, the reasons for which were noted in the report.

At the end of December 2023 £135k had been spent or committed, which was 38.9% of the revised capital programme for this Committee.

RESOLVED THAT COMMITTEE:

1.    Approve the 2023/24 revised estimate of £346,420 for this Committee’s revised capital programme as set out in the report, and

2.    Approve the transfer of the following capital budgets from 2023/24 to 2024/25:

·         Replacement Air Conditioning Units in Server Room - £10,700

·         Replacement of Brookfoot Footbridge, Ribchester £106k

·         Council Offices Mains and LED Lighting Upgrade - £90k

·         Revenues and Benefits Replacement Server - £24k

·         Technology Forge Upgrade - £27,400