Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: Yes
Quarterly Capital Budget
Monitoring report for
financial year 2024/25
Resolved:
Cabinet is asked to approve:
a) the virement from Early Years and Childcare (£0.021m) and Schools Maintenance and Modernisation (£0.004m) to support additional works required through Access and Inclusion;
b) the virement of £0.109m from Fleet Vehicles to Waste to facilitate improved financial oversight of waste vehicle purchases;
c) the removal of £1.370m grant funding from the HUG 2 programme as agreed with the Department of Energy Security and Net Zero (DESNZ);
d) The grant income applied for and/or received as set out in Appendix C and Appendix D.
Cabinet is asked to note:
e) The additional budgets added to the programme of £13.342m under Chief Finance Officer delegated powers;
f) the removal of £1.370m budget under Chief Finance Officer delegated powers;
g) the end of year 2023/24 budget adjustment of £0.077m;
h) the budgets brought forward from future years into the 2024/25 programme totalling £4.886m under Chief Finance Officer delegated powers;
i) the budgets reprogrammed from 2024/25 into future years totalling £16.301m under Chief Finance Officer delegated powers;
j) Budget Movements between Schemes as detailed in Appendix A;
k) the revised 2024/25 Capital Programme forecast as at quarter two of £226.355m;
l) the capital spend as of 30 June 2024 of £67.931m
m) the use of £0.300m of earmarked reserves to enable Adults and Children’s Services to undertake a feasibility study of potential sites for accommodation
Reason for Decision:
To inform effective decision making and ensure sound financial management as part of the Councils overall control environment.
To inform Cabinet on the financial position of the Council on the 2024/25 capital programme as at quarter two (30 September 2024).
Other reasons / organisations consulted
Internal
Contact: Lizzie Watkin, Interim Corporate Director - Resources (s.151 Officer) Email: lizzie.watkin@wiltshire.gov.uk Tel: 01225 713056.
Report author: Cabinet Report Management Group
Publication date: 19/11/2024
Date of decision: 19/11/2024
Decided at meeting: 19/11/2024 - Cabinet
Effective from: 27/11/2024
Accompanying Documents: