Decision details

Consideration was given to a report that set out the latest position on the 2024/25 Capital Programme and Prudential Indicators at the end of the second quarter to 30 September 2024. The report assessed reasons for the variances from the approved programme and details the proposed financing of the capital programme.

RESOLVED

(i)            Council be recommended to agree all variations to the 2024/25 Capital Programme as detailed in Appendix 2 to the report

(ii)           Council be recommended to agree the financing of the revised programme set out in the report

(iii)          Cabinet confirms to Council that capital expenditure and financing requirements have been revised in line with the amended budget and none of the approved Prudential Indicators set for 2024/25 have been breached

The above decision has been made for the following reasons:

(i)            To ensure the optimum use of the Council’s capital resources in 2024/25

(ii)           To accommodate changes to the Council’s in-year capital expenditure plans

(iii)          To ensure performance has been assessed against the approved Prudential Limits