Purpose

Quarterly Capital Budget
Monitoring report for
financial year 2024/25

Content

Cabinet approved:

 
a)   
the allocation of £0.023m budget for Legal Case Management
systems to be added to the ICT applications capital scheme budget
line to be funded through revenue contributions;

 
b)  
the virement from Structural Maintenance and Bridges (£1m)
and Highways Investment Plan (£1m) to support the
reconstruction of the B4069 at Lyneham Banks;

 
c)   
the allocation of £3m of commuted sums to support the
reconstruction of the B4069 at Lyneham Banks;

 
d)  
the allocation of £3m to support the construction of a new
Integrated Care Centre in Trowbridge from Community Infrastructure
Levy;

 
e)   
the virement of budget from the High Needs Provision Capital
Allowance capital scheme line of £1.100m to Basic Need
(£0.600m) and Schools Maintenance and Modernisation
(£0.500m);

 

Cabinet noted:

 
f)    
The additional budgets added to the programme of £22.218m
under Chief Finance Officer delegated powers;
 
g)  
the removal of £0.403m budget (£0.365m in line with
2024/25 grant award; £0.038m completed project budget) under
Chief Finance Officer delegated powers;
 
 
h)  
the budgets brought forward from future years into the 2024/25
programme totalling £8.055m under Chief Finance Officer
delegated powers;  
 
i)    
the budgets reprogrammed from 2024/25 into future years
totalling £65.750m under Chief Finance Officer delegated
powers;
 
j)    
Budget Movements between Schemes as detailed in Appendix
A;
 
k)   
the revised 2024/25 Capital Programme forecast as at quarter one
of £225.721m;
 
l)    
the capital spend as of 30 June 2024
of £24.877m;
 

Reason for Proposals
 

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 one (30 June 2024).