Purpose

Quarterly Capital Budget Monitoring report for
financial year 2025/26

Content

Resolved:

 

That Cabinet approve:

 

a)   
The virement of £0.175m from Schools
Maintenance and Modernisation capital scheme line to the Stonehenge
School Replacement of Lower Block capital scheme line to complete
the project; and

 

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

 

That Cabinet note:

 

c)   
The additional budgets funded by grants,
developer contributions, other contributions and earmarked reserves
revenue contribution to capital added to the programme of
£24.655m under Chief Finance Officer delegated powers;

 

d)   
The removal of £0.490m budget due to a
lower than expected grant award in
2024/25 under Chief Finance Officer delegated powers;

 

e)   
The budgets brought forward from future years
into the 2025/26 programme totalling £7.409m to support the
delivery of accelerated projects under Chief Finance Officer
delegated powers;

 

f)    
The budgets reprogrammed from 2025/26 into future
years totalling £41.114m to align with forecast delivery
under Chief Finance Officer delegated powers;

 

g)   
The revised 2025/26 Capital Programme forecast as
at quarter one of £245.577m; and

 

h)   
The capital spend as
of 30 June 2025 of £30.178m
 
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 2025/26 capital programme as at quarter one (30 June
2025).