Decision details

The Director of Resources and Deputy Chief Executive submitted a report seeking approval for the 2024/25 revised estimate for this Committee’s capital programme.

Six capital schemes for this Committee’s original estimate budget, totalling £3,166,080 were approved by the Policy and Finance Committee and Full Council at their meetings in February 2024 and March 2024 respectively.

At the 2023/24 year end six capital schemes had not been completed. The total unspent budget of £438,160 for these schemes, known as slippage, was moved into the 2024/25 capital programme budget, after approval by this Committee on 6 June 2024.

Furthermore, there have been two transfers between existing schemes with no overall financial impact, and an additional budget for an existing scheme, Disabled Facilities Grants, totalling £85,930.

As a result of the above, the total approved budget for this Committee’s capital programme of eight schemes was £3,690,170.

The proposed revised estimate for this Committee’s 2024/25 capital programme was £1,972,780 which was a £1,717,390 reduction from the previously approved capital budget. It was recommended that budgets totalling £1,717,390 be moved to the 2025/26 financial year.

It was further noted that at the end of December 2024, £579,691 had been spent or committed. This was 29.4% of the revised capital programme for this Committee.

RESOLVED THAT COMMITTEE:

1.     Approve the 2024/25 revised estimate of £1,972,780 for this Committee’s capital programme, as set out in Annex 1 of the report.

2.     Approve the move of the capital scheme budgets shown at paragraph 3.5 of the report from 2024/25 to 2025/26.