Agenda item

To note the forecast capital out-turn position.

RESOLVED:

Decisions of the Cabinet

That the following be noted:

1.  The month 4 2024-25 forecast spend and resources and future years for both the general fund and housing investment programmes as detailed in Appendices A1 and C of the report.

2.  The alignment of the general fund capital programme to the Southwark 2030 priorities at Appendix A2 of the report.

3.  The significant borrowing requirement of £303m which needs to be identified for the general fund programme to be fully delivered over the remaining term of the programme, as detailed in Appendix A of the report.

4.  The significant borrowing requirement of £515m for the housing investment programme to be fully delivered over the remaining term of the programme, as detailed in Appendix C of the report.

That the following be approved:

5.  The virements and variations to the general fund and housing investment capital programme as detailed in Appendix D of the report.

6.  The new capital bids in Appendix E and F of the report for inclusion into the capital programme.

Decision of the Leader of the Council

7.  That the srategic director of environment, sustainability and leisure in consultation with strategic director of resources and the cabinet member for climate change be authorised to apply green buildings fund funds released to a programme of decarbonisation projects to support delivery of the climate change strategy and action plan, in line with the council’s constitution and departmental scheme of delegation.