Decision details

Financial Year 2024/25 - Quarter Two Capital Budget Monitoring

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

Quarterly Capital Budget
Monitoring report for
financial year 2024/25

Decision:

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: