Issue - meetings

Background:

The report presented the results of the first round of the Council’s capital budget monitoring process for 2025/26. The first round of Capital Budget Monitoring for 2025/26 forecasted a projected underspend of £846,000 against the approved budget, with £207,000 in Children and Adults directorate and £639,000 within the Regeneration, Culture and Environment directorate.

All other Services/Directorates were forecast to complete their capital schemes within the total approved budget of £229.606million.

Reasons:

Full Council is responsible for agreeing the capital programme. Cabinet is responsible for ensuring that expenditure remains within the approved programme, including instructing corrective action to prevent any forecast overspend from materialising.