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RECOMMENDED TO CABINET: The
Finance, Audit and Risk Committee commented on the assumptions and
information contained within this report, in the context that
Cabinet agrees that:
 

(1)  
That Cabinet note the
forecast expenditure of £16.816M in 2024/25 on the capital
programme, paragraph 8.3
refers.
 

(2)  
That Cabinet approve
the adjustments to the capital programme for 2024/25 onwards, as a result of the revised timetable of schemes
detailed in table 2 and 3, increasing the estimated spend in
2025/26 by £0.627M.
 

(3)  
That Cabinet note the
position of the availability of capital resources, as detailed in
table 4 paragraph 8.6 and the requirement to keep the capital
programme under review for
affordability.
 

(4)  
Cabinet is asked to
note the position of Treasury Management activity as at the end of
December 2024.

 
REASON FOR RECOMMENDATIONS:
 
(1)  
Cabinet is required to approve adjustments to the capital programme
and ensure the capital programme is fully funded.
 
(2)  
To ensure the Council’s continued compliance with
CIPFA’s code of practice on Treasury Management and the Local
Government Act 2003 and that the Council manages its exposure to
interest and capital risk.