Issue - meetings

To receive a report from the Chief Executive, Deputy Chief Executive and Corporate Director of Resources and Director of Finance and Procurement (S.151 Officer).

Cabinet noted: 

a)    the additional capital budgets of £0.470m in 2023/24that have been added to the capital programme under Chief Finance Officer delegated powers. 

b)   that £20.937m budget that has been brought forward from future years to the 2023/24 programme to support the delivery of accelerated projects, in year project overspend, or amendment to in year slippage under Chief Finance Officer delegated powers. 

c)    themovement between capital schemes of £0.414m Chief Finance Officer delegated powers. 

d)   the £26.870m of capital programme slippage to be rolled forward into future financial years. 

e)    the capital programme end of year spend position of £163.421m for financial year 2023/24. 

Cabinet approved:

f)     the removal of the following budgets as schemes are either complete or not progressing: 

             i.£0.014m for the Microsoft Cloud Navigator Project; 

            ii.£0.007m from the LED Street Lighting Project; 

          iii.£0.003m from the Dunnes Lane Car Park project; 

          iv.£0.007m from the Wiltshire Online 

            v.£0.028m from the Area Board Grants

Reason for Proposals 

To inform effective decision making and ensure sound financial management as part of the Councils overall control environment.  

To inform Cabinet on the final year end capital outturn position for the Council for the financial year 2023/24. 

Cllr Nick Botterill, Cabinet Member for Finance, Development Management, and Strategic Planning, introduced the report providing details of the year end position for the council’s capital programme for the financial year 2023/24. He noted the continued improvement on forecasting of the capital spend compared to previous years, which was being used effectively to lower revenue demand.

Cllr Graham Wright, Chairman of the Overview and Scrutiny Management Committee, noted the work of the Financial Planning Task Group and questions which had been raised including on spending profiles and Area Board grants.

Cllr Gordon King, Deputy Leader of the Liberal Democrat Group, welcomed the improvement in capital forecasting, and stated they key was to ensure the spend delivered maximum benefit to the public.

At the conclusion of discussion, and on the motion of Cllr Nick Botterill, seconded by Cllr Richard Clewer, it was then,

Resolved:

Cabinet noted: 

a)    the additional capital budgets of £0.470m in 2023/24that have been added to the capital programme under Chief Finance Officer delegated powers. 

b)   that £20.937m budget that has been brought forward from future years to the 2023/24 programme to support the delivery of accelerated projects, in year project overspend, or amendment to in year slippage under Chief Finance Officer delegated powers. 

c)    themovement between capital schemes of £0.414m Chief Finance Officer delegated powers. 

d)   the £26.870m of capital programme slippage to be rolled forward into future financial years. 

e)    the capital programme end of year spend position of £163.421m for financial year 2023/24. 

Cabinet approved:

f)     the removal of the following budgets as schemes are either complete or not progressing: 

             i.£0.014m for the Microsoft Cloud Navigator Project; 

            ii.£0.007m from the LED Street Lighting Project; 

          iii.£0.003m from the Dunnes Lane Car Park project; 

          iv.£0.007m from the Wiltshire Online 

            v.£0.028m from the Area Board Grants

Reason for Proposals 

To inform effective decision making and ensure sound financial management as part of the Councils overall control environment.  

To inform Cabinet on the final year end capital outturn position for the Council for the financial year 2023/24.