Purpose

This report provides a financial update on the
council’s capital programme and requests approval for budget
variations to the capital programme.

Decision

1.   
To note the net increase in forecast capital expenditure of
£16.1m for 2023/24. 
 

2.   
To approve the updated four-year capital programme for 2023-2027 of
£662.2m as detailed in Appendix 1.
 

3.   
To approve additional £3.2m budget for capital works on
various schools’ sites, funded from schools’ capital
grants, as detailed in paragraphs 12-14.
 

4.   
To note the potential risks regarding the General Fund Programme,
as summarised in paragraphs 23-28.
 

5.   
To note the potential risks regarding the Housing Capital
Programme, as summarised in paragraphs 29-33.
 

6.   
To note prudential indicators presented in Appendix 5, as per
Prudential Code requirements.