Issue - meetings

Corporate Capital Programme and Balance Sheet Monitoring Quarter 2 2024/25

Meeting: 14/11/2024 - Executive Board (Item 33)

33 Corporate Capital Programme and Balance Sheet Monitoring Quarter 2 2024/25 pdf icon PDF 146 KB

Additional documents:

Decision:

(1)        That the forecast outturn on the Council’s Capital Programme 2024/25 based on the Quarter 2 Budget Monitoring exercise be noted.

 

(2)        That the revised Capital Programme for 2024/25 as set out in Appendix 1 attached to the report and the variations to the Programme as set out in the report and as shown in Appendix 2 attached to the report be approved.

Minutes:

An update on the Council’s Capital Programme for 2024/25 based on a budget monitoring exercise undertaken at the end of September 2024 was submitted for consideration.

 

As at 30th September 2024 the total capital expenditure across the portfolios was £11.751m which represented 10.56% of the current, revised projected capital spend.  The estimated capital receipts figure expected in 2024/25 was £3.484m; £1.506m had been received in the first six months of the year.

 

The variations in actual spend and resource availability for 2024/25 were summarised by portfolio in Appendix 1 and variations in spending were set out in Appendix 2.  It was noted the Capital Programme for 2024/25 had reduced by £1.619m in the second quarter of the year and the reasons for this were detailed in the report.

 

RESOLVED

 

(1)        That the forecast outturn on the Council’s Capital Programme 2024/25 based on the Quarter 2 Budget Monitoring exercise be noted.

 

(2)        That the revised Capital Programme for 2024/25 as set out in Appendix 1 attached to the report and the variations to the Programme as set out in the report and as shown in Appendix 2 attached to the report be approved.