Purpose

Quarterly Capital Budget Monitoring report for
financial year 2025/26

Content

 
Resolved:
 
Cabinet approves:
 

a)   
The virement of £0.250m from
Facilities Management Operational Estate capital scheme line to a
new capital scheme line: Facilities Management Non-Operational
Assets;

 

b)   
The virement of £0.272m from
Integrated Transport capital scheme line to a new capital scheme
line: Active Travel

 

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

 

Cabinet notes:

 

d)   
The additional budgets funded by
grants, developer contributions, other contributions and earmarked
reserves revenue contribution to capital added to the programme of
£1.243m under Chief Finance Officer delegated powers;

 

e)   
The removal of £0.320m from the
2025/26 budget due to project completion, or return for grant for
project under Chief Finance Officer delegated
powers:

 

£0.165m from the Evolve Capital Scheme
Line

 

£0.009m from the Waste Capital Scheme
Line

 

£0.146m from the HUG2 Capital Scheme
Line

 

f)    
The removal of £1.603m from
future years due to project completion, or to reduce impact of
borrowing across future years:

 

£0.035m from the Evolve Capital Scheme Line
(2026/27)

 

£0.349m from ICT BAU
(2026/27)

 

£1.219m from ICT Other Infrastructure
(2026/27 and 2027/28)

 

g)   
The budgets brought forward from
future years into the 2025/26 programme totalling £0.935m to
support the delivery of accelerated projects under Chief Finance
Officer delegated powers;

 

h)   
The budgets reprogrammed from 2025/26
into future years totalling £32.632m to align with forecast
delivery under Chief Finance Officer delegated powers;

 

i)     
The revised 2025/26 Capital Programme
forecast as at quarter two of £214.743m; and

 

j)     
The capital spend as of 30 June 2025 of
£80.527m
 
 
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 two (30 September 2025).