Decision details

Capital Budget Re-profiling & Budget Changes 2024/25

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Recommendations:

 

That Cabinet: 

  1. Approves net changes of £52.862m for individual projects as part of the 2024/25 GF capital budget.  
  1. Approves net changes of £10.062m for individual projects as part of the 2024/25 HRA capital budget.  

 

Decision:

Cabinet agreed the following recommendations:

·       Approved the net movements of £52.862m for individual projects as part of the 2024/25 & other future year General Fund capital budgets.

·       Approved the net reprofiling of £10.062m for individual projects as part of the 2024/25 & other future year Housing Revenue Account capital budgets.

 

Reasons for Decision

Reprofiling is sought so the 2024/25 budgets can be aligned with current forecasts  and in line with projects that have changed e.g. revised delivery timelines or amended payment schedules.

 

Implementation Date: 24 December 2024

 

Report author: Gerald Almeroth

Publication date: 17/12/2024

Date of decision: 16/12/2024

Decided at meeting: 16/12/2024 - Cabinet

Effective from: 24/12/2024

Accompanying Documents: