URL: https://gateshead.moderngov.co.uk/ieDecisionDetails.aspx?ID=933

Decision Maker:

Outcome:

Is Key Decision?: No

Is Callable In?: Yes

Purpose:

Content: Consideration was given to the latest monitoring of the 2025/26 Capital Programme and Prudential Indicators to 31 December 2025, including variances, proposed financing, and compliance with the CIPFA Prudential Code.   RESOLVED: i)                 That Cabinet agreed to recommend to Council approval of the variations to the 2025/26 Capital Programme as set out in Appendix 2. ii)                That Cabinet agreed to recommend to Council the financing of the revised programme as outlined in the report. iii)              That Cabinet confirmed to Council that the capital expenditure and financing requirement indicators have been updated in line with the amended budget and that no approved Prudential Indicators for 2025/26 have been breached.   The above decision was made for the following reasons: a)                 To ensure optimal use of the Council’s capital resources in 2025/26. b)                 To accommodate changes to the Council’s in-year capital expenditure plans. c)                 To ensure performance has been assessed against the approved Prudential Limits.  

Date of Decision: January 20, 2026