Issue - meetings

RESOLVED: Cabinet:

1. noted the outturn of the capital programme for 2024/2025 of £39,656,557 including Exempt Schemes;

2. noted the financing arrangements for the 2024/2025 capital programme;

3. Approved the commencement of spend by moving project from tier 3 to tier 2 (paragraph 9.1)

4. Approved reallocation of budget to new project at tier 2. (paragraph 9.2)

REASON FOR DECISION: To report the outturn 2024/2025 for the Capital Programme and receive an update to the Capital Programme 2024/2029.

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The Assistant Director for Finance and Deputy Section 151 Officer presented the report.

The Chair, Councillor Beales commented the Capital Budget for CCTV and Lynnsport was pragmatic however he questioned the inclusion of St James Pool in the Capital Program.

The Assistant Director for Finance and Deputy Section 151 Officer explained the Leisure Management Team had confirmed how the essential works were to be funded and confirmed they could be deferred.

In response to a further question from the Chair, the Assistant Director for Finance and Deputy Section 151 Officer explained assets which were sold were no longer used by the Council and this income was ringfenced as capital receipts.

RESOLVED: 1. note the outturn of the capital programme for 2024/2025 of £39,656,557 including Exempt Schemes;

2. note the financing arrangements for the 2024/2025 capital programme;

3. Approve the commencement of spend by moving project from tier 3 to tier 2

(paragraph 9.1)

4. Approve reallocation of budget to new project at tier 2. (paragraph 9.2)

REASON FOR DECISION: To report the outturn 2024/2025 for the Capital Programme and receive an update to the Capital Programme 2024/2029.