Decision details

The Director of Resources & Temp P/T Chief Executive submitted a report informing Members of the final capital outturn of the 2023/24 capital programme for this committee and to seek Member approval for the slippage of some capital scheme budgets from the 2023/24 financial year to the 2024/25 financial year.

Of the ten schemes in the Committee’s capital programme four were completed in- year. Actual expenditure on the Committee’s capital programme was £122,659 which was 35.4% of the revised estimate budget. Six schemes were not completed in-year, therefore slippage totalling £224,200 from the 2023/24 to the 2024/25 financial year was requested was requested.

Actual expenditure on the UK Shared Prosperity Fund capital scheme was £508,656 which was 91.2% of the revised estimate budget. Of the seven UKSPF capital schemes in the capital programmes four were completed in-year. The remaining three schemes were not completed in-year and some earlier than planned spend on one scheme. Slippage totalling £48,970 from the 2023/24 financial year in to the 2024/25 financial year was requested.

RESOLVED THAT COMMITTEE:

1.    Approve slippage of £224,200 on the Policy and Finance Committee capital schemes listed at paragraph 3.6.

2.    Approve slippage of £48,970 on the UK Shared Prosperity Fund capital schemes listed at paragraph 4.5.