URL: https://reigate-banstead.moderngov.co.uk/ieDecisionDetails.aspx?ID=1228

Decision Maker: Executive, Council

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: To consider the budget monitoring position at the end of quarter and make any Capital Programme recommendations.

Content: RESOLVED – that the Executive agreed to:   1)    Note the Revenue Budget Forecast as at Q3 2025/26 at Annex 1 2)    Note the Outstanding Debt Summary as at Q3 2025/26 at Annex 2 3)    Note the Reserves Summary as at Q3 2025/26 at Annex 3 4)    Note the Capital Budget Forecast as at Q3 2025/26 at Annex 4 5)    Note the Treasury Management Prudential Indicators at Annex 5 6)    Note the recommendation to allocate £1.348m to the Capital Programme. Annex 4.1 in the report.   The Executive agreed to Option 2 in recommendation 7 in the report:   7)    That the reprofiling of the Capital Programme (Option 2) as set out in Annex 4.2.2 to the report – Option 2 in the Annex (on p157) titled ‘Capital Budgets Reprofiled to Future Years - Portfolio Holder Alternative Option’ – be agreed. Option 1 in Annex 4.2.1 on p153 of the report: Capital Budgets Reprofiled to Future Years – Officer Requests was not agreed.   The Executive recommended to forward to Council for approval the decision to:  1)    Approve the allocation of £1.2m and CIL indexing to the Capital Programme at Annex 4.1. 2)    Approve a Capital Programme reprofile as stated in Annex 4.2.2 to the report - titled Capital Budgets Reprofiled to Future Years – Portfolio Holder alternative option– (p157 in the published agenda pack). Option 1 – Capital Budgets Reprofiled to Future Years – Officer Requests set out in Annex 4.2.1 was rejected. 3)    Approve the Executive recommendation for the inclusion of Horley Open Space into the programme.  

Date of Decision: March 17, 2026