Issue - meetings
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Meeting: 12/12/2024 - Executive (Item 6.)
6. Financial year 2024/25 Quarter Two Capital Financing Performance Report (EX4514) 
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Purpose: to present the forecasted outturn position for financial year 2024/25 against the approved capital programme and financing implications for financial year 2025/26.
Decision:
Resolved that: Executive notes
· The forecast outturn position of planned expenditure of £60.1 million against the annual budget of £64.9m, creating a forecast £4.8 million underspend.
Executive approves:
· The proposed reprofiling of planned expenditure from 2024/25 into 2025/26 of £8.1 million, detailed by service in appendix B.
· The proposed transfer of council funded expenditure budget totalling £0.47 million from 2025/26 into 2024/25 for support of the Playing Pitch action plan.
· £2.9 million of external funding relating to the Superfast Broad Band project is allocated and the planned project expenditure is funded accordingly.