Issue - meetings
Capital Budget Monitoring Report – Quarter 1, 2025/26
Meeting: 23/09/2025 - The Executive (Item 10)
10 Capital Budget Monitoring – Quarter 1, 2025/26 
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To submit the report of the Director of Function (Resources)/Section 151 Officer.
Additional documents:
Decision:
It was resolved –
· To note the progress of expenditure and receipts against the capital budget 2025/26 at Quarter 1.
· To approve the additional schemes, amounting to £9.363m to the capital programme and amendments to funding as per Appendix C to the report, which will result in a revised capital budget of £56.186m for 2025/26.
Minutes:
The report of the Director of Function (Resources)/Section 151 Officer which set out the financial performance of the capital budget at the end of Quarter 1 of the 2025/26 financial year was presented for the Executive’s consideration.
Councillor Robin Williams, Deputy Leader and Portfolio Member for Housing and Finance presented the report noting that in March 2025, the Council approved a capital programme of £23.7m for non-housing services and £20.594m for the Housing Revenue Account (HRA) for the 2025/26 financial year. In July 2025, the Executive approved £2.529m of capital slippage to be brought forward from 2024/25 bringing the capital programme for non-housing services to £25.929m and £20.894m for the HRA. Since the budget setting process, additional schemes, primarily grant funded, have been added to the programme along with adjustments to funding totalling £9.363m.This brings the overall capital budget for 2025/26 to £56.186m. Councillor Robin Williams reported that as of 30 June 2025, £7.168m of the budget had been spent with a further £723k committed resulting in a total of £7.891m (14%). Quarter 1 is typically quiet with a number of capital schemes weighted towards the latter part of the financial year.
The Director of Function (Resources)/Section 151 Officer confirmed that the underspent projects are funded by the Council, ensuring there is no risk of loss of funding.
It was resolved –
· To note the progress of expenditure and receipts against the capital budget 2025/26 at Quarter 1.
· To approve the additional schemes, amounting to £9.363m to the capital programme and amendments to funding as per Appendix C to the report, which will result in a revised capital budget of £56.186m for 2025/26.