Content

Cabinet received a report on the capital
expenditure and associated capital funding as at the end of March
2024. The report and appendices detailed the changes to the
original capital programme and funding plans, as a result of
programme commitments and project delivery
 
DECISION TAKEN:
 
Cabinet noted the overall capital outturn
position and financing for 2023/24, and approved the re-phasing of
budgets into 2024/25 as set out in Appendix A of the report.
 
REASON FOR DECISION:
 
The current approved capital budget was
£95.304m (which included the approved re-phasing of budgets
from 2022/23) and the outturn position (including proposed
re-phasing of budgets into 2024/25) is £29.519m.
 
A summary of variances to budget and
re-phasing was shown in Table 1 and detailed explanations for key
variances in Section 3.4 of the report.
 
A financing outturn table showing how the
capital programme had been funded was set out in Section 4 of the
report.