Purpose

Quarterly Capital Budget
Monitoring report for
financial year 2024/25

Content

Resolved:
 
Cabinet
approves:
 

a)   
the addition of £0.800m budget to the capital programme in
2025/26 to be funded from borrowing to complete the Hindon Stagger
depot works to conclude the overall Depot Phase 1 capital
programme;

 

b)   
the grant income applied for and/or received as set out in
Appendix C and Appendix D.

 

c)   
the budget movements required to fund the anticipated costs and
that the Trowbridge Leisure Centre project progresses to
construction;

 

d)   
delegated authority to the Corporate Director, Place, in
consultation with the Cabinet Member, Public Health, Communities,
Leisure and Libraries to execute the contracts required to deliver
the Trowbridge Leisure Centre project and authorise spend in
accordance with this decision;
 
Cabinet notes:
 

e)   
the resolution made by Cabinet at its meeting on 21 January 2025
relating to City Hall, to repurpose the use of allocated Capital
Receipt Enhancement (CRE) budget for Melksham Blue Pool to City
Hall, Salisbury and a virement of £0.045m of the 2024/25
budget and £0.255m of the 2025/26 budget from the CRE capital
scheme line to the Facilities Management Investment Estate capital
scheme line;

 

f)    
The additional budgets added to the programme of £0.957m
under Chief Finance Officer delegated powers;

 

g)   
the budgets brought forward from future years into the 2024/25
programme totalling £5.522m under Chief Finance Officer
delegated powers;

 

h)   
the budgets reprogrammed from 2024/25 into future years
totalling £38.398m under Chief Finance Officer delegated
powers;

 

i)     
Budget Movements between Schemes as detailed in Appendix
A;

 

j)     
the revised 2024/25 Capital Programme forecast as at quarter
three of £194.436m;

 

k)   
the capital spend as of 31 December
2024 of £115.250m

 
 
Reason for
Decision:
To inform effective
decision making and ensure sound financial management as part of
the Councils overall control environment.
 
To inform Cabinet
on the financial position of the Council on the 2024/25 capital
programme as at
quarter three (31 December 2024).