Decision details

General Fund Capital Budget 2025-26 to 2028-29

Decision Maker: Executive, Council

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To consider and recommend approval of the Capital and Investment Strategy 2025-26 to 2029-30.

Decision:

Decision:

1.       Noted the comments arising from the meeting of the Resources Overview and Scrutiny meeting on 21 January 2025.

2.       Recommended the following to Council

(at its Budget Meeting on 5 February 2025):

(1)  That the updated capital programme set out in Appendix 1 is approved.

(2)  That the proposed treatment of the new capital bids as set out in paragraphs 6.9 to 6.16 are approved.

Reason(s):

1.       The financing of the approved Capital Budget has direct implications on borrowing costs within the General Fund revenue budget and other funding sources such as Reserves and Balances.

2.     Setting a balanced budget is a statutory requirement.

Other options considered and rejected by the Committee:

None.

Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted:

None.

Report author: Richard Bates

Publication date: 24/01/2025

Date of decision: 23/01/2025

Decided at meeting: 23/01/2025 - Executive

Effective from: 01/02/2025

Accompanying Documents: