Decision details

Capital Programme Monitor & Budget Variations, 2023/24 (Outturn)

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The report details of the capital programme outturn for the financial year 2023/24 (including the financing of this spend) and approves 2023/24 slippages into the future years.

Decision:

  1. To note the capital outturn for the year of £184.8m.

 

  1. To approve the proposed budget variations to the capital programme (2023/24 to 2026/27) as summarised in Table 1 and detailed in Appendix 1.

 

  1. To approve additional budget of £0.55m for the Council’s agreed contribution towards Education City Youth Zone build, funded from General Fund borrowing.

 

  1. To approve an additional £3.277m budget in relation to pre–agreed works within the HRA asset and compliance programme, funded from HRA borrowing.

 

  1. To approve an additional budget of £1,510m on energy efficiency works at Philpot Square across 2024/25 and 2025/26, of which £0.755m will be funded by the Heat Network Efficiency Scheme grant and £0.755m from HRA borrowing.

 

Report author: Andre Mark

Publication date: 10/09/2024

Date of decision: 09/09/2024

Decided at meeting: 09/09/2024 - Cabinet

Effective from: 14/09/2024

Accompanying Documents: