Issue - meetings

Cabinet Member: Finance

Forward Plan Ref: 2024/224

Contact: Natalie Crawford, Capital Programme Manager

Natalie.crawford@oxfordshire.gov.uk

Report by Executive Director of Resources and Section 151 Officer (CA13)

The Cabinet is RECOMMENDED to:

Capital Programme

a.     Note the capital monitoring position for 2024/25 set out in this report and summarised in Annex 1.

b.     Approve the updated Capital Programme at Annex 2 incorporating the changes set out in this report.

Budget Changes / Budget Release

c.     Note the reduction of £0.5m budget provision from the Defect Liability Programme funded from corporate resources, thereby returning £0.5m to the capital programme which will contribute towards funding for the 2025/26 the capital budget setting process (para 68).

Additions to the Capital Programme

d.     Approve the inclusion of the William Fletcher CE Primary School (Expansion) scheme in the Capital Programme with an indicative budget of £3.9m to be funded from S106 developer contributions and basic need funding (para 65).

e.     Approve the inclusion of a programme of work which will create breathing apparatus and cleaning / decontamination areas across Oxfordshire’s fire stations, with an indicative budget of £1.8m, to be funded from earmarked reserves, agreed by Council in February 2024 (para 66).

Recommendations approved.

Cabinet had before it the third capital programme update and monitoring report for 2024/25 which set out the monitoring position based on activity to the end of October 2024. The report also updated the Capital Programme approved by Cabinet on 15 October 2024 taking into account additional funding and new schemes.  The updated programme also incorporated changes agreed through the Capital Programme Approval Reports to Cabinet during the year as well as new funding.

Councillor Dan Levy, Cabinet Member for Finance, presented the report.

Councillor Levy moved and Councillor Howson seconded the recommendations, and they were approved.

RESOLVED to:-

Capital Programme

a.     Note the capital monitoring position for 2024/25 set out in this report and summarised in Annex 1.

b.    Approve the updated Capital Programme at Annex 2 incorporating the changes set out in this report.

Budget Changes / Budget Release

c.     Note the reduction of £0.5m budget provision from the Defect Liability Programme funded from corporate resources, thereby returning £0.5m to the capital programme which will contribute towards funding for the 2025/26 the capital budget setting process (para 68).

Additions to the Capital Programme

d.    Approve the inclusion of the William Fletcher CE Primary School (Expansion) scheme in the Capital Programme with an indicative budget of £3.9m to be funded from S106 developer contributions and basic need funding (para 65).

e.     Approve the inclusion of a programme of work which will create breathing apparatus and cleaning / decontamination areas across Oxfordshire’s fire stations, with an indicative budget of £1.8m, to be funded from earmarked reserves, agreed by Council in February 2024 (para 66).