Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: February 25, 2025

Purpose: To consider the report of the Cabinet Member for Finance and Corporate Services providing information on any major changes in the General Fund and Housing Revenue Account (HRA) capital programme.

Content: Cabinet is recommended to:   i)  Note the revised General Fund Capital Programme, which totals £207.01M as detailed in paragraph 3. ii)  Note the HRA Capital Programme is £245.53M as detailed in paragraph 3. iii)  Approve slippage of £21.97M, £19.75M within the General Fund programme and £2.21M within the HRA programme, as detailed in paragraphs 7 to 9 and Appendix 3. iv)  Note that the overall forecast position for 2024/25 at quarter 3 is £137.73M, resulting in a potential underspend of £1.28M, as detailed in paragraphs 10 to 12 and Appendix 2. v)  Note that the capital programme remains fully funded up to 2028/29 based on the latest forecast of available resources although the forecast can be subject to change; most notably regarding the value and timing of anticipated capital receipts and the use of prudent assumptions of future government grants to be received.