Decision Maker: Cabinet

Outcome:

Is Key Decision?: No

Is Callable In?: No

Date of Decision: March 18, 2025

Purpose: Quarterly update on spend against the capital programme.

Content: Cabinet note:   1.          The forecast capital expenditure for 2024/25 of £30.268M which is £7.573M lower than the latest agreed capital programme budget of £37.841M;   2.          The 2024/25 significant forecast outturn variations and explanations for them as shown in section 4 of the report;   3.          The quarter three forecasts and impact of scheme variances for 2024/25 on future years’ capital expenditure;   4.          The latest forecast of capital receipts, grants and contributions for 2024/25 in section 5 of the report; and   5.          The risks associated with the capital forecasts are as detailed in section 8 of the report.