Decision Maker: Cabinet, Council

Outcome:

Is Key Decision?: No

Is Callable In?: No

Date of Decision: February 11, 2025

Purpose: To consider the final capital programme for approval by Council.

Content: Cabinet note:   1)         the addition of £22.539M to the capital programme requiring approval to spend and the removal of capital scheme savings of £37.650M which gives rise to a net reduction of £15.111M to the overall capital programme as detailed in sections 4 and 5 and Appendix 2 of the report.   2)         the revised capital programme which totals £131.135M as detailed in sections 2 to 9 and Appendix 1 of the report and the associated use of resources.   3)         the rephasing and scheme virements as set out in sections 6 and 7 and as detailed in Appendix 3 of the report.   4)         the capital programme remains fully funded from the council’s own resources up to 2028/29 based on the latest forecast of available resources.   5)         that a review of the Capital Programme Strategy has been undertaken as detailed in section 10 of the report and the updated Capital Programme Strategy set out in Appendix 4 of the report.   Cabinet recommends that Council:   6)         Agree the addition of £22.539M to the capital programme and the removal of scheme underspends of £37.650M, which gives rise to a net reduction of £15.111M to the overall capital programme as detailed in sections 4 and 5 and Appendix 2 of the report.   7)         Approve the revised capital programme, which totals £131.135M (as detailed in sections 2 to 9 and Appendix 1 of the report) and the associated use of resources.   8)         Approve the capital scheme renaming of Replacement Waste Collection Vehicles to New Waste Collection Contract.   9)         Approve expenditure being incurred on capital schemes in accordance with the revised capital programme and the Financial Regulations.   10)      Approve the rephasing and scheme virements as set out in sections 6 and 7 and as detailed in Appendix 3 of the report.   11)      Note that the capital programme remains fully funded from the council’s own resources up to 2028/29 based on the latest forecast of available resources.   12)      Approve the Capital Programme Strategy shown as Appendix 4 of the report, which includes the council’s Infrastructure List shown as Annex 2.