Purpose

The report details of the capital programme
outturn for the financial year 2023/24 (including the financing of
this spend) and approves 2023/24 slippages into the future
years.

Decision

To note the capital outturn for the
year of £184.8m.

 

To approve the proposed budget
variations to the capital programme (2023/24 to 2026/27) as
summarised in Table 1 and detailed in Appendix 1.

 

To approve additional budget of
£0.55m for the Council’s agreed contribution towards
Education City Youth Zone build, funded from General Fund
borrowing.

 

To approve an additional
£3.277m budget in relation to pre–agreed works within
the HRA asset and compliance programme, funded from HRA
borrowing.

 

To approve an additional budget of
£1,510m on energy efficiency works at Philpot Square across
2024/25 and 2025/26, of which £0.755m will be funded by the
Heat Network Efficiency Scheme grant and £0.755m from HRA
borrowing.