URL: https://democracy.newport.gov.uk/ieDecisionDetails.aspx?ID=500000011&LLL=0

Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Purpose:

Content: The Leader, Councillor Batrouni, introduced the report highlighting which funds’ investments in schools, heritage, energy efficiency, and city centre regeneration, had been updated for the 2024/25 financial year. The initial budget of £86.142 million was adjusted by £10 million in additions and revisions, and reduced by £14.8 million due to reprofiling, resulting in a revised budget of £80.540 million. Forecasted costs were £80.546 million, indicating a minimal variance of £6,000 against the revised budget.   Decision:   Cabinet - ·        Approved the additions to the Capital Programme requested in the report (Appendix A). ·        Noted the predicted capital expenditure outturn position for 2025/26. ·        Approved the reprofiling of £14.8m from the 2025/26 budget into future years. ·        Noted the available remaining capital resources (‘headroom’) and the earmarked usage of that resourcing. ·        Noted the inclusion of the Treasury Management prudential indicators, included within the report. ·        Noted the headroom as per the report.  

Date of Decision: September 10, 2025