Decision Maker: Cabinet

Outcome:

Is Key Decision?: No

Is Callable In?: No

Date of Decision: September 10, 2024

Purpose: Quarterly update on spend against the capital programme.

Content: Note:   1)      The forecast capital expenditure for 2024/25 of £35.035M which is £0.406M lower that the latest agreed capital programme budget of £35.441M;   2)      The 2024/25 significant outturn variations and explanations for them as shown in section 4 of the report;   3)      The quarter one 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;   5)      The risks associated with the capital forecasts are as detailed in section11 of the report;   6)      The latest approved capital programme for 2024/25 to 2027/28 and the financing as shown in section 6 of the report and detailed in Appendix 1 of the report; and   7)      The capital programme remains fully funded from the council’s own resources up to 2027/28, based on the latest forecast of available resources.   Recommendation to Council: That Council approve additions to the capital programme of £0.300M to support the delivery of Council Plan Priorities as set out in section 8 of the report to fund a new capital scheme: • Maritime House