Issue - meetings

Committee is asked to recommend to Council that is approves:

1.    The increases to the approved Capital Programme for 2025/26 to £1.1 million mostly relating to slippage form 2024/25,

2.    The project cancellation of the solar canopy project £1.3 million,

3.    Removal of capital resources that are no longer required of £1.0 million as set out in the report,

4.    A net overspend of £0.3 million; and

5.    A supplementary capital estimate for the Eclipse Leisure Centre Phase 2 of £50k for walkways

The Committee considered the Quarter One Capital Monitoring report form the Interim Chief Accountant. The report advised of significant changes to the Capital Programme, mainly related to delayed projects and the cancellation of the Solar Canopy project, which required approval by Council. The revision would reduce financing pressure and assist in managing borrowing costs. Project priorities would continue to be assessed to align with affordability and the Council’s long-term objectives.

The Committee explored the reasons behind the expenditure related to the Eclipse Leisure Centre, the cancellation of the Solar Canopy project, and raised concerns regarding the Sunbury Leisure Centre de-carbonization project.

The Committee resolved to recommend to Council that it approves

1.     Increases to the approved Capital Programme for 2025/26 of £1.13 million mostly relating to slippage from 2024/25

2.     The project cancellation of the solar canopy project £1.3m

3.     Removal of capital resources that are no longer required of £1.0 million as set out in the report

4.     A net overspend of £0.3 million

5.     A supplementary capital estimate for the Eclipse Leisure Centre Phase 2 of £50k for walkways