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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 notes expenditure of £11.362million in 2024/25
on the capital programme, paragraph 8.3 refers.

(2)   
That Cabinet approves the adjustments to the capital programme for
2025/26 as a result of the revised
timetable of schemes detailed in table 2, increasing the estimated
spend by £5.202million.

(3)   
That Cabinet notes the position of the availability of capital
resources, as detailed in table 4 paragraph 8.7 and the requirement
to keep the capital programme under review for affordability.

(4)   
That Cabinet approves the application of £3.787million of
capital receipts/set aside towards the 2024/25 capital programme,
paragraph 8.7 refers.

(5)   
Cabinet is asked to note the position of Treasury Management
activity as at the end of March 2025.

(6)   
Cabinet is asked to recommend this report to Council and ask
Council to:

1)   
Approve the actual 2024/25 prudential and treasury indicators as
detailed in Appendix B.

2)   
Note the annual Treasury Management Review for 2024/25 (Appendix
B).

REASONS 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.