RECOMMENDED TO CABINET: The Finance, Audit and Risk Committee commented on the assumptions and information contained within this report, in the context that Cabinet agrees that:
(1) That Cabinet notes expenditure of £11.362million in 2024/25 on the capital programme, paragraph 8.3 refers.
(2) That Cabinet approves the adjustments to the capital programme for 2025/26 as a result of the revised timetable of schemes detailed in table 2, increasing the estimated spend by £5.202million.
(3) That Cabinet notes the position of the availability of capital resources, as detailed in table 4 paragraph 8.7 and the requirement to keep the capital programme under review for affordability.
(4) That Cabinet approves the application of £3.787million of capital receipts/set aside towards the 2024/25 capital programme, paragraph 8.7 refers.
(5) Cabinet is asked to note the position of Treasury Management activity as at the end of March 2025.
(6) Cabinet is asked to recommend this report to Council and ask Council to:
1) Approve the actual 2024/25 prudential and treasury indicators as detailed in Appendix B.
2) Note the annual Treasury Management Review for 2024/25 (Appendix B).
REASONS FOR RECOMMENDATIONS:
(1) Cabinet is required to approve adjustments to the capital programme and ensure the capital programme is fully funded.
(2) To ensure the Council’s continued compliance with CIPFA’s code of practice on Treasury Management and the Local Government Act 2003 and that the Council manages its exposure to interest and capital risk.