Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: July 24, 2025

Purpose: Effective use of our capital resources to meet the Council Plan investment priorities, and delivering value for money for residents.

Content: RESOLVED that the Executive:   1)    noted the position of the capital programme at the end of Quarter 1 (to 30 June 2025) as summarised in the report below and set out in detail in Appendix A to the report;   2)    approved and noted the proposed reprofiling of budgets to future years in the capital programme as set out in Appendix B;   3)    noted and approved the following budget adjustments to the capital programme which include;   a)    A reduction of £127,251 in the schools devolved capital budget due to a number of schools that have transferred to Academy Status and the grant received is now paid to the Academy Trustees. The revised budget will match the ringfenced grant funding received from the DfE.   b) An additional capital budget of £39,000 in 2025/26 for drainage works at King George V Playing fields. The additional contribution is funded from a £38k ringfenced grant from the Environment Agency and a £1k contribution from Wokingham Town Council.