Issue - meetings

Capital Programme Monitor & Budget Variations, 2024/25 (Outturn)

 

 

Meeting: 15/09/2025 - Cabinet (Item 11)

11 Capital Programme Monitor and Budget Variations, 2024/25 (Outturn) pdf icon PDF 1 MB

Decision:

1.    To note the capital outturn for the year of £253.1m.

 

2.    To approve the proposed budget variations to the capital programme (2024/25 to 2027/28) as summarised in Tables 1 and 5 and detailed in Appendix 1.

 

3.    To approve an additional £5m budget in relation to pre–agreed works within the HRA asset and compliance programme, funded from HRA borrowing.

 

4.    To note the additional budget as approved by Full Council on 7th October 2024 for the Hammersmith Town Hall refurbishment, funded from General Fund borrowing.

Minutes:

Councillor Rowan Ree (Cabinet Member for Finance and Reform) introduced the report that set out the details of the capital programme outturn for the financial year 2024/25. He noted the total spend of £235m on projects to make the borough better, including significant investments in the public realm, housing, and the UK’s most comprehensive CCTV network.

 

RESOLVED

 

  1. That Cabinet noted the capital outturn for the year of £253.1m.

 

  1. That Cabinet approved the proposed budget variations to the capital programme (2024/25 to 2027/28) as summarised in Tables 1 and 5 and detailed in Appendix 1.

 

  1. That Cabinet approved an additional £5m budget in relation to pre–agreed works within the Housing Revenue Account asset and compliance programme, funded from Housing Revenue Account borrowing.

 

  1. To note the additional budget as approved by Full Council on 7th October 2024 for the Hammersmith Town Hall refurbishment, funded from General Fund borrowing.