Decision details

Members considered the capital budget variations for 2025/26. The Capital Programme for 2025/26 to 2027/28 was approved by Council on 5 March 2025. The total value of the original Capital Programme for 2025/26 was £34.966m (£32.484m excluding ‘reserve items’). Several capital schemes required amendments to the budgets to more accurately reflect expectations in the current financial year. In all cases the capital financing would not be adversely affected with schemes either being funded by capital grants or through previously agreed prudential borrowing which will be adjusted accordingly to match spends.

These schemes included elements of the Housing Delivery Programme, an element of Economic Regeneration Projects relating to the UK Shared Prosperity Fund and other General Fund capital schemes.

RESOLVED that the capital budget variations for 2025/26, as set out in the report, be approved.

Reason

To be accountable for all activities and actions and to ensure that the Council conforms to all financial regulations.