Decision
Analysis
outcome: The Council agreed to all variations to the Capital Programme and its financing as detailed in the report.
summary: The decision involves approving variations to the 2024/25 Capital Programme and its financing.
topline: The Cabinet has decided to approve variations to the 2024/25 Capital Programme and its financing.
reason_contentious: This issue is not particularly contentious as it mainly involves financial planning and budget adjustments.
affected_stakeholders: ["Council members", "Local residents", "Council staff"]
contentiousness_score: 2
political_party_relevance: There are no mentions or implications of political parties or political influence on the decision.
URL: https://gateshead.moderngov.co.uk/ieDecisionDetails.aspx?ID=893
Decision Maker: Cabinet
Outcome:
Is Key Decision?: No
Is Callable In?: No
Purpose:
Content: Consideration was given to a report that set out the latest position on the 2024/25 Capital Programme and Prudential Indicators at the end of the second quarter to 30 September 2024. The report assessed reasons for the variances from the approved programme and details the proposed financing of the capital programme. RESOLVED (i) Council be recommended to agree all variations to the 2024/25 Capital Programme as detailed in Appendix 2 to the report (ii) Council be recommended to agree the financing of the revised programme set out in the report (iii) Cabinet confirms to Council that capital expenditure and financing requirements have been revised in line with the amended budget and none of the approved Prudential Indicators set for 2024/25 have been breached The above decision has been made for the following reasons: (i) To ensure the optimum use of the Council’s capital resources in 2024/25 (ii) To accommodate changes to the Council’s in-year capital expenditure plans (iii) To ensure performance has been assessed against the approved Prudential Limits
Date of Decision: November 19, 2024