Decision details

Cabinet received a report on the Quarter 3 Capital Budget Monitoring Report 2024/25.

Decision taken

Cabinet:

1.    Noted:

a)    The capital forecast outturn positions.

b)    The forecast position as set out at 31 December 2024 for funding of the capital programme and reserve balances.

2.    Approved the virements as set out in section 3.2 of the report.

Reason for decision

The report set out the capital expenditure and associated capital funding as at the end of Quarter 3 (December 2024). The report and appendices detailed the changes to the original capital programme and funding plans, as a result of programme commitments and project delivery.