URL: https://democracy.ribblevalley.gov.uk/ieDecisionDetails.aspx?ID=1250

Decision Maker: Policy and Finance

Outcome:

Is Key Decision?: No

Is Callable In?: No

Purpose:

Content: The Director of Resources and Deputy Chief Executive submitted a report informing Members of the final capital outturn of the 2024/25 capital programme for this committee and to seek Member approval for the slippage of some capital scheme budgets from the 2024/25 financial year to the 2025/26 financial year.   Actual expenditure on the Committee’s capital programme was £65,722 which was 23.4% of the revised estimate budget. Of the six schemes in the Committee’s revised capital programme none were fully completed in-year, resulting in the requested slippage from the 2024/25 financial year into the 2025/26 financial year totalling £202,140.   Actual expenditure on the UK Shared Prosperity Fund capital scheme was £2,001,998, which was 97.6% of the revised estimate budget. Of the thirty UKSPF capital schemes in the capital programme twenty-eight were completed in-year. The remaining two schemes were not completed in-year and would be considered by the UKSPF Working Group for their 2025/26 programme.   RESOLVED THAT COMMITTEE:   1.    Approved slippage of £202,140 on the Policy and Finance Committee capital schemes as noted in the report.   2.    Noted the outturn position on the UK Shared Prosperity Fund capital schemes as noted in the report.  

Date of Decision: June 17, 2025