Issue - meetings

As detailed in the recommendations.

Councillor Johnson introduced the report which summarised the changes made to the Capital Programme 2023/24 since it was set in January 2023 to the end of Month 9 (December 2023), along with expenditure incurred to date and the projected outturn.

The Capital Programme had seen a net decrease in budget of (£1.803m) during the period which comprised of:

·         Net budget decrease in the programme of (£0.477m) (See Table 2 – All Council Fund (CF));

·         Net Carry Forward to 2024/25 approved at Month 6 of (£1.151m)

·         Identified savings at Month 9 of (£0.175m) (CF)

Actual expenditure was £43.441m (See Table 3).

Capital receipts received in the third quarter of 2023/24, along with savings identified totalled £0.316m.  That provided a revised projected surplus in the Capital Programme at Month 9 of £2.312m (from a Month 6 funding surplus of £1.996m) for the 2023/24 – 2025/26 Capital Programme, prior to the realisation of additional capital receipts and/or other funding sources.

RESOLVED:

(a)       That the overall report be approved; and

(b)       That the carry forward adjustments be approved.