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Title |
Environment & Sustainability - Draft Detailed capital budget for 2025/26 |
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Purpose of the report |
To make a decision |
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Report Author |
Mahmud Rogers Joint Financial Services Manager |
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Ward(s) Affected |
All Wards |
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Exempt |
No |
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Exemption Reason |
n/a |
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Corporate Priority |
Environment Resilience Service Delivery |
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Recommendations
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Committee is asked to: 1. Review, the draft detailed capital budget for 2025/26 for Environment & Sustainability Committee with any agreed any amendments. 2. Recommend to Corporate Policy and Resources Committee to approve the proposed budget. |
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Reason for Recommendation |
Councils have a statutory duty to balance their budgets. It is important that we take a medium-term approach in ensuring that we can take action sufficiently early to ensure the Council’s capital Budget remains financially sustainable. |
1. Summary of the report
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What is the situation |
Why we want to do something |
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• A robust capital budget planning process helps organisations to manage their resources with economy, efficiency and effectiveness |
• To have a robust and sustainable 2025/26 capital budget that meets the needs of the service and provides a resilient financial position to the Council as a whole. • The 2025/26 Budget planning process commenced in May 2024 and must be completed and approved by Council in February 2025. |
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This is what we want to do about it |
These are the next steps |
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• Committee reviews and agrees provisionally the draft detailed capital budget |
• Agree a draft capital Budget for the Committee to put forward to Corporate Policy and Resources Committee to consolidate into the overall Council Budget for 2025-26 |
1.1 This report seeks to present the draft detailed capital budget for Environment & Sustainability.
2. Key issues
2.1 The attached appendix gives full detail of the draft detailed capital budget proposed.
3. Options analysis and proposal
3.1 The Committee has the opportunity to comment on any items
4. Financial management comments
4.1 Proposed additions have been included in the draft detailed budget as per the previous committee.
5. Risk management comments
5.1 When considering savings proposals, we need to consider the risk of any adverse impact on service delivery capacity.
6. Procurement comments
6.1 n/a
7. Legal comments
7.1 Councils have a statutory duty under the Local Government Finance Act 1992 to set a balanced budget each year.[CT1]
8. Other considerations
8.1 n/a
9. Equality and Diversity
9.1 When savings involve reductions to service appropriate Equality Impact Assessments need to be undertaken
10. Sustainability/Climate Change Implications
10.1 n/a
11. Timetable for implementation
11.1 Overall Council Budget to be agreed in February for recommendation to Council 27th February for approval
12. Contact
12.1 Mahmud Rogers, Joint Financial Services Manager m.rogers@spelthorne.gov.uk
Background papers: There are none.
Appendices:
Appendix 1 – Detailed Capital Budget - E&S 3-1-25
[CT1]@Heron, Linda - any comments please?