Purpose

Final year end financial position for the
capital investment programme for the year 2024/25

Content

Resolved:

 

Cabinet approved:

 

1)   
the additional capital budgets funded by grants, developer
contributions, other contributions and earmarked reserves revenue
contribution to capital added to the programme of £2.723m
under Chief Finance Officer delegated powers;

2)   
the grant income applied for and/or received as set out in
Appendix C and Appendix D;

3)   
the budgets brought forward from future years into the 2024/25
programme totalling £12.316m to support the delivery of
accelerated projects, in year project overspend, or amendment to in
year slippage; 

4)   
the movement between capital schemes of £1.399m Chief
Finance Officer delegated powers.  This
includes the movement of £0.300m from Facilities Management
Investment Estate capital scheme line to the Capital Receipts
Enhancement capital scheme line as outlined in the Assets section
of the report (para’s 60, 69, 70).

5)   
the budgets reprogrammed from 2024/25 into future years
totalling £31.992m under Chief Finance Officer delegated
powers;

6)   
the removal of £0.257m in total from the following 2024/25
budgets as schemes are either complete or not progressing:

 

a)   
£0.220m from Council House Build Programme Phase 2

b)  
£0.009m from the Wiltshire Online

c)   
£0.028m from the Area Board Grants

 

7)   
the removal of £0.127m in total from the following 2025/26
budgets as schemes are either complete or not progressing:

 

a)   
£0.068m from Council House Build Programme Phase 2

b)  
£0.059m from Waste (2025/26 capital programme)

 

8)   
the capital programme end of year spend position of
£177.261m for financial year 2024/25;

9)   
the allocation of £0.400m to the 2025/26 capital budget
from the Community Infrastructure Levy strategic fund to the Local
Highways and Footpath Improvement Groups (LHFIG);

10) the
updating of the council’s Infrastructure List to replace the
existing entry ‘Wiltshire Museums – archaeological
storage’ with ‘Wiltshire Museum – Devizes Wharf
and Assize Courts Project’ and the allocation of up to
£2.350m from Wiltshire Council’s Strategic Community
Infrastructure Levy (CIL) fund as set out in paragraphs
142-149;

11) the
addition of £0.635m from Earmarked Reserves Revenue
Contribution to the Facilities Management Investment Estate capital
scheme line for 2025/26 for works to City Hall,
Salisbury;  

 

Cabinet noted that the final Capital Programme spend sets a Minimum
Revenue Provision charge to the 2025/26 revenue budget of
£23.138m, which is £0.915m less that the budget.

 

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 final year end
capital outturn position for the Council for the financial year
2024/25.