Issue - meetings

·         Accept the report on the end of the year review (31 March 2025 position) of the
capital programme. 

·         Approve the revision to the Capital Budget approved on 7 March 2024 and revised on
15 October 2024 and 21 January 2025 from the programme’s financing perspective
(as shown in part 3.2.3 of the report), that is:

-       an increase of £4,409,000 in the use of borrowing

-       an increase of £17,639,000 in the use of grants and contributions 

-       an increase of £75,000 in the use of capital receipts 

-       a decrease of £422,000 in the use of revenue contributions 

-       a decrease of £3,898,000 in the use of the capital reserve 

-       an increase of £1,555,000 in the use of renewal and other reserves.

The report was submitted by Cllr Huw Wyn Jones

DECISION

To accept the report on the end of the year review (31 March 2025 position) of the
capital programme.   

To approve the revision to the Capital Budget approved on 7 March 2024 and revised on 15 October 2024 and 21 January 2025 from the programme’s financing perspective (as shown in part 3.2.3 of the report), that is: 

• an increase of £4,409,000 in the use of borrowing  

·         an increase of £17,639,000 in the use of grants and contributions   

• an increase of £75,000 in the use of capital receipts   

• a decrease of £422,000 in the use of revenue contributions   

• a decrease of £3,898,000 in the use of the capital reserve   

• an increase of £1,555,000 in the use of renewal and other reserves. 

DISCUSSION

The report was submitted stating that its main purpose was to deliver the revised capital programme, and approve the relevant funding sources as part of the 2024/25 year-end system. It highlighted that £82.5m had been invested in capital schemes, 72% of which was funded through specific grants.

It was added that £33.4m of proposed additional expenditure had been re-profiled from 2024/25 to 2025/26 and 2026/27. It was noted that some of the main schemes included £16m from Schools Schemes – Sustainable Learning Communities and Others, and £10m from the Levelling Up Fund.

Since the last review, it was highlighted that the Council had been successful in attracting additional grants of £19.382m which included a £10.613m Shared Prosperity Fund Adjustment from the UK Government and a £1.8m Transitional Accommodation Capital Programme Grant from the Welsh Government.