Decision Maker: Finance and Performance Policy Committee

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: February 17, 2025

Purpose:

Content: 12.1 The report provides details of proposed changes to the existing Capital Programme as brought forward in Month 09 2024/25.     12.2 RESOLVED UNANIMOUSLY: That the Finance and Performance Policy Committee:   1.    Approves the proposed additions and variations to the Capital Programme listed in Appendix 1 of the report. Approves the proposed additions and variations to the Capital Programme listed in Appendix 2 of the report, subject to the receipt of formal offers of funding Approves the acceptance of grant funding as identified in Appendix 3 of the report. Approves the acceptance of grant funding as identified in Appendix 4 of the report, subject to formal offers from grant funder Approves the issuing of grant funding as identified in Appendix 5 of the report.       12.3 Reasons for Decision     12.3.1 The Sheffield City Council Capital Strategy and Budget Book was approved as part of the Full Council meeting of 6th March 2024. This document outlines the key capital investment priorities of the Council by Policy Committee area. Each month new schemes and variations to existing schemes that are in alignment with this strategy are brought forward for formal budget approval to the Finance & Performance Policy Committee in line with the requirements of the constitution and Financial Procedures.     12.4 Alternatives Considered and Rejected     12.4.1 A number of alternative courses of action are considered as part of the process undertaken by Officers before decisions are recommended to Members. The recommendations made to Members represent what Officers believe to be the best options available to the Council, in line with Council priorities, given the constraints on funding and the use to which funding is put within the Revenue Budget and the Capital Programme.