Issue - meetings

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

· To approve the revision to the Capital Budget approved on 6 March 2025 from the programme’s financing perspective (as shown in part 3.2.3 of the report), that is:

-an increase of £290,000 in the use of borrowing

-an increase of £13,390,000 in the use of grants and contributions

-an increase of £36,000 in the use of revenue contributions

-a decrease of £2,743,000 in the use of the capital reserve

-an increase of £29,000 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 August review (31 August 2025 position) of the capital programme.   

• To approve the revision to the Capital Budget approved on 6 March 2025 from the programme’s financing perspective (as shown in part 3.2.3 of the report), that is: 

-an increase of £290,000 in the use of borrowing 

-an increase of £13,390,000 in the use of grants and contributions  

-an increase of £36,000 in the use of revenue contributions 

-a decrease of £2,743,000 in the use of the capital reserve 

-an increase of £29,000 in the use of renewal and other reserves.

DISCUSSION

It was reported that the main purpose of the report was to present the revised capital programme (as of 31 August 2025), and to approve the adjustments to the relevant funding sources. It was noted that there was a Departmental breakdown of the £153 million capital programme for the three years 2025/26 - 2027/28.

Reference was made to Part 3.2.3 of the report, which detailed the sources to fund the net increase of £48 million since the original budget, of which £37 million had come from re-profiling at the end of the previous year.

It was reported that the main conclusions were that definite plans were in place to invest £101 million in 2025/26 on capital plans, of which £47 million (47%) was funded through specific grants.

An additional £12 million of proposed expenditure had been re-profiled from 2025/26 to 2026/27 and 2027/28. Reference was made to Appendix 2 when mentioning the major schemes which had slipped since the original budget.

The additional grants, worth £13 million, that the Council had been able to attract since the original budget were listed.