Decision details

Resolved that: Members are informed of:

·         The provisional outturn of £41.1 million against the 2024/25 capital programme of £59.2 million.

·         The impact of required capital financing on the Council’s Capital Financing Requirement (CFR) and liability benchmark which identifies the Council as a long-term borrower of funding.  (Appendix B). 

·         £18.3m of planned expenditure to be reprofiled into financial year 2025/26 (Appendix A). (Slippage discussed in Asset and Capital Group 28.04.2025)

·         £1.6m of funding proposed to be brought forward from approved expenditure from financial year 2025/26 into financial year 2024/25 (Appendix A).  (Slippage discussed in Asset and Capital Group 28.04.2025)

·         Members are informed of the following adjustments to the 2025/26 capital programme:

o   £150,000 of external funding for Bus Service Improvement plan,

o   £118,347 of external grant for Royal Berkshire Archives extension,

Members are asked to approve:

·         £408k of additional Council funding relating to Social Care Case Management System, increasing the budget provision from £960k agreed as part of the 2025/26 capital programme, to £1.37 Million.  The increase is required to fund additional technical consultancy support for implementation. 

·         £316k of external grant for the expansion of childcare and wraparound places,

·         £2.3m of combined funding (£1.86 million external funds and £460k Council funding), for the Royal Berkshire Archives extension.

This decision is eligible to be ‘called-in’.  However, if the decision has not been ‘called-in’ by 5.00pm on Friday 11 July 2025, then it will be implemented.