Issue - meetings

As detailed in the recommendations.

Councillor Johnson introduced the report and explained that it summarised changes made to the Capital Programme 2023/24 since it was set in January 2023 to the end of Month 6 (September 2023), along with expenditure incurred to date and the projected outturn.

The Capital Programme had seen a net decrease in budget of (£4.422m) during the period which comprised of:-

• Net budget decrease in the programme of (£1.342m) (See Table 2 - Council

Fund (CF) £4.326m, Housing Revenue Account (HRA) (£5.668m);

• Net Carry Forward to 2024/25 approved at Month 4 of (£3.080m)

Actual expenditure was £27.517m (See Table 3).

Capital receipts received in the second quarter of 2023/24 totalled £0.043m. That provided a revised projected surplus in the Capital Programme at Month 6 of

£1.996m (from a Month 4 funding surplus of £1.953m) for the 2023/24 – 2025/26

Capital Programme, prior to the realisation of additional capital receipts and/or other funding sources.

When reported to Corporate Resources Overview and Scrutiny Committee, it was requested that the table on the investment on county towns should cover a longer time period to show investments over time.

RESOLVED:

(a)       That the report be approved;

(b)       That the carry forward adjustments be approved; and

(c)        That the additional allocations be approved.