Salford City Council - Record of Decision (Cabinet)

I Paul Dennett, City Mayor, in exercise of the powers contained within the City Council Constitution do hereby approve:

Approve increases in capital programme budget in relation to:

£19.530m of additional reprofiling from 2023/24 to 2024/25.
Increase in Housing Strategy programme of £2.004m due to the deferral of Kara Street loan facility agreement between the Council and Derive RP (Registered Providers) Limited from late March to early April.

The approved programme as per the 2024/25 budget was £127.608m. This decision includes reprofiling of underspend at year end 2023/24.

Options considered and rejected were:

Not applicable

Assessment of Risk:

Key budgetary control risks have been identified including forecast variances and risk levels associated with the realisation of savings proposals.

The source of funding is:

Council’s previously approved capital programme

Legal Advice obtained:

Not applicable to this decision

Financial Advice obtained:

The financial regulations require approval for carry forward of capital budget underspend from 2023/24.

Procurement Advice obtained:

Not applicable

HR Advice obtained:

Not applicable

Climate Change Advice obtained:

Not applicable

The following documents have been used to assist the decision process:

· Cabinet 27/08/24 - 2024/25 –CAPITAL BUDGET MONITORING – QUARTER 1 POSITION UPDATE

Contact Officer: Rachel Rosewell

Telephone number: 07855 066602?

The appropriate scrutiny to call-in the decision is the Overview and Scrutiny Committee.

Signed: Paul Dennett Dated: 30.08.24

City Mayor

For Democratic Services use only

This decision was published on 30.08.24

This decision will come in force at 4.00 p.m. on 06.09.24 unless it is called-in in accordance with the Decision Making Process Rules.