URL: https://committeeadmin.lancaster.gov.uk/ieDecisionDetails.aspx?ID=1585

Decision Maker: Cabinet

Outcome:

Is Key Decision?: No

Is Callable In?: No

Purpose:

Content: Cabinet Member with Special Responsibility Councillor Hamilton-Cox)   Cabinet received a report from the Chief Officer Resources that provided information regarding the latest position regarding the delivery of the approved capital programme for 2025/26. It also set out information regarding any delays surrounding capital expenditure and other matters for Members’ consideration.   As the report was for consideration and progressing to Full Council no alternative options were put forward.   Although the General Fund was able to respond to the financial challenges in 2024/25 and maintain balanced budget positions by utilising its reserves, this did not mean that the financial issues for the Council had been resolved, it simply means that the in-year budget pressures were addressed. To put into context, a budget gap of £2.6M was still forecast for 2026/27 and this would rise annually to £5.5M in 2029/30 for which the cumulative effect is not sustainable.   Reviewing the Capital Programme will allow for more robust revenue projections which in turn will improve financial planning. This will ensure that funds are allocated according to a set of predefined outcomes, or priorities to ensure that funds are directed toward the Council’s key ambitions and statutory functions and away from areas which contribute less or not at all against the predetermined objectives.   Councillor Hamilton-Cox proposed, seconded by Councillor Riches:-   “That recommendation (1) as set out in the report be approved, and recommendation (2) noted.”   Councillors then voted:-   Resolved unanimously:   (1)             That the adjustments to the capital programme as set out in Appendix C of the report be endorsed and referred to Council for full approval.    (2)      That Cabinet note that relevant revenue adjustments in respect of minimum revenue provision and future borrowing requirements will be built into projected revenue estimates and considered alongside future reports to Cabinet in respect of the budget and policy framework updates.   Officer responsible for effecting the decision:   Chief Officer Resources   Reasons for making the decision:   Effective use of the Councils’ resources is fundamental to the delivery of its priorities and outcomes.

Date of Decision: September 16, 2025