Composite Capital Budget 2025/31 and Housing Investment Programme 2025/30 – Monitoring Report No.4
Perth and Kinross Council · 22 April 2026
Back to Finance and Resources Committee — 22 April 2026 and its agenda
Text extracted from the council's PDF. Layout and reading order may differ from the original.
Page 1
Our vision is a Perth and Kinross where everyone can live life well, free from poverty and inequality ___________________________________________________________________ Committee: Finance and Resources Committee Date of Meeting: 22 April 2026 Report Title: Composite Capital Budget 2025/31 and Housing Investment Programme 2025/30 – Monitoring Report No.4 Report Number: 26/111 Report Author: John Jennings, Senior Accountant James Salisbury, Senior Accountant Organisational Lead: Scott Walker, Chief Finance Officer ___________________________________________________________________ 1. Purpose 1.1 This report provides a summary position to date for the 6-year Composite Capital Budget for 2025/26 to 2030/31 and the 5-year Housing Investment Programme for 2025/26 to 2029/30 and seeks approval for adjustments to the programmes. 1.2 Sections 1. Purpose 2. Recommendations 3. Background 4. Composite Capital Programme – Gross Capital Resources 5. Composite Capital Programme – Expenditure 6. Housing Investment Programme 7. Budget Overview 8. Financial Risks 9. Impact and Value Assessment 10. Appendices 2. Recommendations It is recommended that the Committee: 2.1 notes the contents of the report. 2.2 approves the proposed adjustments to the six-year Composite Capital Budget 2025/26 to 2030/31 set out in Sections 4 and 5 of the report and summarised in Appendices I and II.
Page 2
2.3 approves the proposed adjustments to the Housing Investment Programme Budget 2025/26 to 2029/30 set out in Section 6 of the report and summarised in Appendix III. 2.4 notes progress with the delivery of major Capital projects as summarised in Appendix IV. 3. Background 3.1 The Finance and Resources Committee approved an updated six-year gross Composite Capital Budget for 2025/26 to 2030/31 totalling £561.986 million and a five-year gross Housing Investment Programme for 2025/26 to 2029/30 totalling £89.027 million at its meeting on 4 February 2026 (report 26/37 refers). The meeting of the Council on 4 March 2026 (report 26/54 and 26/55 refer, together with the approved Revenue Budget Motion) subsequently approved some amendments to the Composite Programme for 2026/27 to 2030/31, giving a revised gross budget of £573.040 million. 3.2 This monitoring report advises on current year expenditure to 28 February 2026, and the latest estimate of the projected outturn for each of the years to 2030/31 for the Composite Programme and 2029/30 for the Housing Investment Programme. The new approved budget for 2031/32 is not included in this report and will be included as part of the Capital Budget Monitoring reports in 2026/27. 4. Composite Capital Programme – Gross Capital Resources 4.1 As a result of the latest monitoring exercise, further adjustments to the budget are proposed. The current estimated total gross capital resources (which includes movements in Capital Receipts, Capital Grants, Contributions and borrowing) available over the six years 2025/26 to 2030/31 amount to £573.400 million. 4.2 Movements from the revised Composite Capital Budget approved on 4 March 2026 for these six years are summarised in the table below, and the constituent elements for each year are shown in Appendix I. Total Gross Composite Capital Resources Approved 4 Mar 2026 Current Estimate Movement £M £M £M 2025/26 113.526 97.437 (16.089) 2026/27 113.399 127.791 14.392 2027/28 109.013 112.634 3.621 2028/29 86.571 83.712 (2.859) 2029/30 72.729 72.750 0.021 2030/31 77.802 79.076 1.274 Total 573.040 573.400 0.360
Page 3
4.3 The movement in the total Gross Resources for the 6 years 2025/26 to 2030/31 shown at Section 4.2 above can be summarised as follows: £’000 Reduction in Third Party Contributions (Section 4.4) (0.006) Increase in Borrowing (Section 4.5 and 4.6) 0.366 Total Increase in Gross Capital Resources (Section 4.2) 0.360 4.4 There is a small overall reduction of £6,000 in Third Party Contributions relating to the following programmes: Active Travel - £90,000 reduction (Section 5.2.2) Core Paths - £26,000 reduction (Section 5.3.2) Roof Upgrades - £110,000 increase (Section 5.5.4) 4.5 The projected borrowing requirement in 2025/26, which is effectively the balancing item for resources, is £81.103 million. This is £15.571 million lower than the amount approved by this Committee on 4 March 2026 (£96.674 million). 4.6 The total borrowing requirement in the subsequent years 2026/27 to 2030/31 has increased by £15.937 million to £364.512 million, resulting in an overall increase in the level of borrowing across the whole 6-year programme of £0.366 million. This movement in borrowing is summarised as follows: 2025/26 2026/27 2027/28 Later Years Total £m £m £m £m £m Increase in Environment & Infrastructure Prudential Borrowing – Electric Vehicles (Section 5.2.6) - 0.200 0.200 - 0.400 (Reduction)/Increase in Environment & Infrastructure Prudential Borrowing – Recycling in Schools (Section 5.2.6) (0.005) (0.059) 0.030 - (0.034) Increase/(Reduction) in Property Services – reallocation of programmes to various projects (Section 5.5.2) - 0.500 1.856 (2.356) - Movements arising from re-phasing of expenditure and receipts (Appendix II) (15.566) 13.254 1.520 0.792 - Increase/(Reduction) in Borrowing Requirement (15.571) 13.895 3.606 (1.564) 0.366 4.7 The chart below shows the Capital Resources required to fund the 2025/26 Composite Capital Programme following the proposed budget adjustments detailed in this report.
Page 4
5. Composite Capital Programme – Expenditure 5.1 Total Expenditure and Proposed Budget Adjustments to the Current Programme 5.1.1 Total expenditure (net of grants and contributions) to 28 February 2026 on the Composite Capital Programme is detailed in Appendix II and summarised as follows: Projected Outturn (£m) Net Expenditure to 28 Feb 2026 (£m) % of Projected Outturn Environment and Infrastructure 35.629 29.706 83% Housing and Communities 2.771 2.223 80% Economy, Development and Planning 22.958 12.840 56% Property Services 28.011 23.158 83% Customer and Digital Services 4.129 2.057 50% Health and Social Care 0.953 0.893 94% Unallocated 0.000 0.000 0% Total Net Capital Expenditure 94.451 70.877 75% 5.1.2 Appendix IV includes updates on the progress of delivering the Council’s major Capital projects. 5.2 Environment and Infrastructure 5.2.1 The Strategic Lead has reviewed the programme for Environment and Infrastructure and proposes various budget adjustments, the most significant of which are described below. 5.2.2 Within Traffic and Road Network, for the Active Travel Grant, in line with the works scheduled for completion in 2025/26, it is proposed £328,000 is moved
Page 5
from 2025/26 to 2026/27. There is a corresponding reduction in the Third-Party Contribution from Transport Scotland towards these works in 2025/26 of £90,000. The following rephasings are also proposed within Traffic and Road Network: Project 25/26 £m 26/27 £m 27/28 £m Future Years £m Description Road Safety Initiatives - (0.095) 0.092 0.003 Works for the remainder of the programme have been reviewed and rephased with anticipated spend. Additional Road Safety – Pedestrian Crossings (0.124) 0.124 - - Delay to works surrounding project site resulting in knock on impact to pedestrian crossing installation. Traffic Signal Renewals (0.070) 0.070 - - Rephasing of budget to align Traffic Signal works to coincide with accompanying works which have been planned for April. 5.2.3 Within Structures, on the Bridge Refurbishment Programme, it is proposed a total of £1.5 million is drawn down from various years towards Aldour Bridge in Pitlochry; with £250,000 allocated to both 2026/27 and 2027/28, and £1 million allocated to 2028/29. Additionally on the Bridge Refurbishment Programme, it is proposed £90,000 is rephased from 2025/26 to 2026/27 to align with planned spend to 31 March 2026. Also, within Structures, works at Blairgowrie Bridge will not commence within the timeframe previously anticipated. Completion is still expected in 2027/28, however it is proposed a total of £200,000 is moved to 2027/28 from 2025/26 (£175,000) and 2026/27 (£25,000). 5.2.4 Within Flooding, on the Comrie Flood Protection Scheme, the severe wet weather experienced in January has resulted in minor delays to the overall project and it is proposed £3.990 million is moved to 2026/27 in line with the updated schedule of works. The contractor is working to limit the impact on the completion date, and it is still anticipated the project will complete in late autumn of this year. Additionally, within Flooding, the Milnathort Flood Protection Scheme has been scheduled by the contractor to commence construction in Summer of this year, and it is proposed £308,000 of the budget is rephased accordingly. 5.2.5 Within Climate Change and Zero Waste, in line with the works due for completion in 2025/26 on the Climate Change Programme, it is proposed that £50,000 is moved to 2026/27, with a further £3,000 transferred to the Climate Change Unallocated budget in 2026/27, with works planned for this year fully funded. 5.2.6 Within the Prudential Borrowing programme, it is proposed to add a budget of £200,000 in both 2026/27 and 2027/28 for additional electric vehicles. This relates to the purchase of 20 new electric pool vehicles over the next two years. In addition, the following budget adjustments are proposed within the Prudential Borrowing programme:
Page 6
Project 25/26 £m 26/27 £m 27/28 £m Description Wheeled Bin Replacement Programme – Domestic Bins (0.109) 0.109 - The requirement for replacement bins in 2025/26 was lower than anticipated and it is proposed £109,000 of the budget is moved to 2026/27 to meet future demand. Recycling in Schools – Waste Bin Purchases (0.005) (0.059) 0.030 The timeframe for delivery of Recycling in Schools has been extended into 2027/28. Additionally, fewer bins require purchased than previously thought, reducing the borrowing requirement by £34,000. 5.2.7 The above proposed adjustments, together with other small movements, have been reflected in Appendices I and II. 5.3 Housing and Communities 5.3.1 The Strategic Lead has reviewed the programme for Housing and Communities and proposes the following budget adjustments. 5.3.2 Within Community Greenspace, there have been consultancy delays on the Core Path Implementation resulting in a £26,000 underspend in 2025/26, this has also led to a corresponding under recovery of grant of £26,000. The following rephasings are also proposed within Community Greenspace: Project 25/26 £m 26/27 £m 27/28 £m Description Play Areas and Parks Play Areas and Parks - Third Party Contribution (0.241) 0.015 0.241 - (0.015) Three projects are ongoing with ground works scheduled to commence in 2026/27. It is proposed £241,000 of the budget is moved to align with the delivery schedule. The contribution towards Legion Park in Comrie is not expected until 2027/28 with the £15,000 income budget moved respectively. Crematorium Access Road (0.045) 0.045 - In order to minimise the period of disruption at the crematorium, improvements to the access road have been scheduled to take place to coincide with other works. It is proposed £45,000 is therefore moved to 2026/27. 5.3.3 Within Improvements, a planning application for the New Gypsy Traveller Site has been submitted, with the only costs in 2025/26 therefore relating to architectural and other professional fees, with physical works to commence in 2026/27. It is therefore proposed £1.914 million is moved from 2025/26 to 2026/27.
Page 7
5.3.4 Within Parking, Public Transport Unit and Civil Contingencies, the substantive work on the three projects in receipt of Bus Infrastructure Funding are scheduled to commence in 2026/27. It is therefore proposed that the budget of £374,000 is moved from 2025/26 to 2026/27. 5.3.5 Within Community Learning and Development and Equalities, based on the application decisions to date for Community-Led Asset Transfers, it is proposed £68,000 is moved from 2025/26 to 2026/27, with advanced decisions already committing £43,000 of the budget in 2026/27. 5.3.6 Within Prudential Borrowing Projects, it is proposed £551,000 of the budget for Kinnoull Street Car Park – Purchase and Upgrade is moved into 2026/27. The costs incurred during 2025/26 were for the acquisition of the site and fees, with the refurbishment and upgrade works commencing in 2026/27. 5.3.7 The above adjustments, together with other small movements, have been reflected in Appendices I and II. 5.4 Economy, Development and Planning 5.4.1 The Strategic Lead has reviewed the programme for Economy, Development and Planning and proposes the following budget adjustments. 5.4.2 Within Tourism, Culture and Place, there is no expenditure on the City Greening project while discussions are ongoing regarding the degree of works required. It is therefore proposed that the budget of £31,000 is moved into 2026/27. Additionally, within Tourism, Culture and Place, it is proposed £281,000 of the budget for Perth and Kinross Lighting Action Plan is moved into 2026/27 in line with proposed works. As there are no further works planned beyond 2026/27, it is proposed that the remaining balance of £784,000 is transferred to Unallocated Resources in 2026/27. 5.4.3 The above proposed adjustments have been reflected in Appendices I and II. 5.5 Property Services 5.5.1 The Strategic Lead has reviewed the programme for Property Services and proposes various budget adjustments, the most significant of which are described below. 5.5.2 Within Property Service Management, the Capital Improvement Projects Programme has been reviewed, and it is proposed £1.106 million is accelerated from 2028/29 to 2027/28 in line with planned resource requirements. Additionally, it is proposed a further total of £6.8 million is vired from the Capital Improvement Projects towards specific projects within Project Support and Property Service Management. All these proposed movements are summarised as follows:
Page 8
Project 2026/27 £m 2027/28 £m 2028/29 £m 2029/30 £m 2030/31 £m Total £m Capital Improvement Projects - 1.106 (5.706) (2.200) - (6.800) Roof Upgrade Programme 0.500 0.500 0.500 0.500 0.500 2.500 School Toilet Upgrade Programme - - 0.500 0.500 0.500 1.500 DDA Adaptation & Alteration Works Programme - - 0.200 0.200 0.200 0.600 Property Compliance Works Programme - 0.250 0.650 0.650 0.650 2.200 Total 0.500 1.856 (3.856) (0.350) 1.850 0.000 5.5.3 Within Project Support, the following budget adjustments are proposed: Project 25/26 £m 26/27 £m Future Years £m Description Investment in the Learning Estate (0.570) 0.570 - Proposed movement of £570,000 due to re-profiling of the Astro turf refurbishment at the Community School of Auchterarder with works due to take place over the summer holidays. School Toilet Upgrade Programme 0.085 (0.085) - Acceleration of £85,000 following completion of additional toilet upgrades in 2025/26 compared to the level previously expected. North/West Perth – New Primary School (0.306) 0.306 The scope of the project based on expected pupil numbers and construction costs were reviewed leading to reduced design works during 2025/26, with a corresponding reduction in fees charged for the year. The design work has recommenced, and it is proposed £306,000 is moved from 2025/26 to 2028/29. Perth Academy Refurbishment (0.247) 0.247 - Whilst works are progressing as planned, the budget phasing has been updated, and it is proposed £247,000 is moved to 2026/27 in line with expected progress. Perth Grammar School – Upgrade Programme 0.103 (0.103) - Upgrade works at Perth Grammar are progressing ahead of the initial schedule and it is proposed £103,000 is accelerated to cover the advanced spend in 2025/26. Perth High School – New School Investment (0.699) 0.699 - It was previously reported that Phase 2 for the demolition of the old Perth High School was delayed due to additional surveys being required (Report 26/37 refers). Following these additional surveys, the demolition timeline has been altered, and it is proposed £699,000 is moved to 2026/27 in line with this new timescale.
Page 9
Blairgowrie Recreation Centre - Replacement (0.218) 0.218 - The demolition of the old Blairgowrie Recreation Centre was delayed, allowing a period of transition to ensure the replacement facility was operating as expected. The proposal to move £218,000 into 2026/27 is in line with the revised demolition timeframe of Autumn 2026. Technology Upgrades (0.240) 0.240 - Installation of equipment at Blairgowrie High School has been delayed into 2026/27 and it is proposed £240,000 is moved accordingly. Roof Upgrade Programme Third-Party Contribution (0.125) (0.110) 0.125 - 0.110 - The profile of spend on this programme, following the virement from Capital Improvement Projects and Third-Party Contribution, has been reviewed; and it is proposed £235,000 (after including the contribution below) is moved from 2025/26 to 2026/27 and 2027/28 in line with the new profile. An insurance contribution towards roof upgrades at Coupar Angus Primary School, with a corresponding increase to expenditure budget. 5.5.4 Within Property Service Management, the following budget adjustments are proposed: 2025/26 £m 2026/27 £m Future Years £m Description Friarton Depot – Waste Transfer Station (2.150) 2.150 - The tender for works was issued in February and the provisional start date for works is July 2026; as such it is proposed £2.150 million is moved into 2026/27 in line with the anticipated start date. PH2O (0.180) - 0.180 The PH2O project has commenced to the design stage. The costs incurred in 2025/26 were slightly lower than anticipated and it is therefore proposed £180,000 is moved to the end of the project. More detail is available in Appendix IV. Bells Sports Centre Redevelopment (0.284) 0.284 - Design team appointed to begin feasibility options appraisal for unheated/open multi use sports pitch / events space. Movement of £284,000 reflects latest profile of spend. Perth Concert Hall (0.050) (0.500) 0.550 Additional resource requires to be identified for various work packages. The proposed rephasing of £550,000 to 2029/30 aligns with the current schedule of works. Perth Museum (0.067) 0.067 - Rephasing of £67,000 allows for final works anticipated to take place in 2026/27; with audio visual equipment works currently ongoing in 2025/26.
Page 10
5.5.5 Within the Property Service Management Prudential Borrowing programme, the re-purposing of space within Pullar House is moving towards the construction phase. These works are due to commence in 2026/27 and extend into 2027/28. It is proposed £900,000 is moved to 2027/28 in line with the updated expenditure projections. 5.5.6 All the above proposed adjustments, together with other small movements, have been reflected in Appendices I and II. 5.6 Health and Social Care 5.6.1 Within Occupational Therapy Equipment, in order to improve capacity over the remainder of the capital programme it is proposed a total of £434,000 is vired from Technology Enabled Telecare. This impacts all years from 2026/27 and have been allocated on a basis to ensure consistent budget availability within both programmes. 5.6.2 All the above proposed adjustments have been reflected in Appendices I and II. 5.7 Unallocated Resources 5.7.1 The proposals outlined in this report in relation to the Unallocated Capital Resources are summarised in the following table: 2025/26 £m 2026/27 £m 2028/29- 2030/31 £m TOTAL £m Description Opening Resources - 4.474 - 4.474 Transfers In: Perth and Kinross Lighting Action Plan - 0.784 - 0.784 Section 5.4.2 Transfers Out: None Closing Resources - 5.258 - 5.258 5.7.2 After the above movements, the balance of Unallocated Resources is £5.258 million over the 6-year programme. A further £8.684 million is included in Unallocated Resources in 2031/32. 5.7.3 Should the Unallocated Resources not be required then this will reduce the amount of borrowing in future years. 6. Housing Investment Programme 6.1 The total current estimated expenditure, net of contributions, for the Housing Investment Programme over the 5 years 2025/26 to 2029/30 has increased by £17.775 million to £106.802 million. 6.2 The increase of £17.775 million relates to an increase in the Council Buy-Back Programme (£14.775 million) between 2026/27 and 2029/30 and the SHQS
Page 11
Future Developments budget (£3 million) in 2026/27, approved by the Housing and Social Wellbeing Committee at its meeting on 21 January 2026 (report 26/21 refers). 6.3 Movements across years from the previous estimates are summarised in the table below and detailed in Appendix III. Approved 4 Feb 2026 Current Estimate Movement £m £m £m 2025/26 46.695 34.429 (12.266) 2026/27 17.321 33.996 16.675 2027/28 12.280 18.256 5.976 2028/29 7.003 10.698 3.695 2029/30 5.728 9.423 3.695 Total 89.027 106.802 17.775 Total Expenditure to 28 February 2026 (Housing Investment Programme) 6.4 Net expenditure for 2025/26 to 28 February 2026 amounts to £29.019 million, with £18,000 of receipts. Therefore, the borrowing requirement for the year to date is £29.001 million. 6.5 The Strategic Leads for Housing and Communities and Property Services have reviewed the Housing Investment Programme and proposed the budget adjustments outlined below. 6.6 It is proposed to move the balance of the New Build Future Developments budget in 2025/26 of £3.550 million to various schemes, as summarised in the following table: 2025/26 £m 2026/27 £m Total £m Balhousie, Perth 0.146 - 0.146 To meet professional fees to date. Kinloch Brae, Blairgowrie (0.011) 0.188 0.177 Purchasing 3 additional units in 2026/27 (£546k), less Scottish Government Grant (£309k) and Second Homes Income (£60k). Beechgrove, Perth (0.161) - (0.161) £159k to meet latest expenditure, less £320k Commuted Developer Sums. Broich Road, Crieff (0.033) - (0.033) Additional grant received (£34k), less £1k expenditure rounding. Ballinuig, Pitlochry 0.003 - 0.003 Professional fees incurred in 2025/26, with the scheme to be developed in 2026/27 with further future drawdown required. New Build Future Developments (3.550) 3.418 (0.132) Balance of budget moved from 2025/26 to 2026/27. TOTAL (3.606) 3.606 - 6.7 It is also proposed to adjust some budgets between years, reflecting progress made on the various projects as outlined below:
Page 12
2025/26 £m 2026/27 £m 2027/28 £m Heating Upgrades (0.109) 0.109 0 Triple Glazing (1.205) 1.205 0 Adaptation (OT) (0.117) 0.117 0 Energy Efficiency (0.124) 0.124 0 Environmental Improvements 0.200 (0.100) (0.100) Fire Precaution Measures (0.144) 0.144 0 Fire Alarm Replacement (0.046) 0.046 0 Sound Insulation (0.398) 0 0.398 Structural Improvements (1.233) 0 1.233 St. Catherines Redevelopment (0.458) 0.100 0.358 Lockups & Garages (0.050) 0 0.050 Shops & Offices (0.269) 0 0.269 Greyfriars and Satellite Sites (0.073) 0 0.073 Double Dykes Chalet Replacement (0.681) 0.681 0 Upgrade & Replace Lifts (0.034) 0.034 0 ICT Expenditure (0.048) 0.048 0 Mortgage to Rent (0.128) 0.128 0 6.8 There is an estimated underspend of £567,000 on 2025/26 on the Kitchen Replacement programme in line with the latest projection of works required this year. It is proposed that this is applied as follows: Kitchen Replacement Programme in 2026/27 - £349,000 to cover future works Bathroom replacements - £92,000 to cover installations completed in 2025/26 Rewiring, Infrastructure and Property - £36,000 to cover remaining works in 2025/26 on voids. Controlled Door Entry - £10,000 for installations completed in 2025/26 HRA Car Parks - £80,000 for work at Market Court and Milne Court in 2025/26 6.9 At its meeting on 21 January 2026, the Housing and Social Wellbeing Committee also approved reductions in the amount of Capital Financed from Current Revenue (CFCR) by £1.291 million across the 5-year programme. Consequently, together with the additional expenditure of £17.775 million detailed in Section 6.2 (above), total borrowing on the Housing Revenue Account has increased by £19.066 million across the 5-year programme. 6.10 All the proposed movements outlined above have been included in Appendix III. 7. Budget Overview 7.1 The projected net expenditure outturn in 2025/26 for the Composite Capital Budget is £94.451 million and represents 65% of the original 2025/26 budget approved on 30 April 2025 (£146.146 million). The revised budget is based on the latest projections of expenditure and all budget adjustments outlined within this report. 7.2 Net expenditure to 28 February 2026 on the Composite Capital Budget is £70.877 million and represents 75% of the proposed revised budget for 2025/26 of £94.451 million.
Page 13
7.3 The projected net expenditure outturn in 2025/26 for the Housing Investment Programme is £34.429 million and represents 123% of the original 2025/26 budget approved on 30 April 2025 (£28.098 million). This increase reflects the allocation of future years block budgets to specific projects in 2025/26 and the increase in the Council House Buy-Back programme. 7.4 Net expenditure to 28 February 2026 on the Housing Investment Programme is £29.019 million which represents 84% of the proposed revised budget for 2025/26 of £34.429 million. 7.5 The Council’s total Borrowing Requirement to 28 February 2026, based on the Composite and Housing Investment Programmes, is £85.689 million. 7.6 The estimated overall Council Borrowing Requirement for 2025/26 as a whole has reduced by £27.837 million to £113.848 million as a result of the monitoring adjustments reflected within this report. This reflects a reduction in estimated borrowing in the current year on the Composite Programme of £15.571 million and £12.266 million on the Housing Investment Programme 7.7 In the context of the Capital Budget, the borrowing above refers specifically to the funding of capital expenditure and therefore the need to borrow. The actual amounts and timing of the borrowing is undertaken as part of the Council’s Treasury Management operations and reported within the Treasury Activity and Compliance reports throughout the year. 8. Financial Risks 8.1 In preparing the Council's capital monitoring, officers have considered the key strategic, operational and financial risks facing the Council over this period. Whilst the risks may be managed in the current financial year, given the nature of capital projects these risks are also likely to impact future years plans. 8.2 To alleviate the impact these risks may have if they occur, a number of general risk mitigation factors are utilised by the Council which include detailed budget monitoring carried out by Services and having general unallocated funds available to meet unforeseen expenditure. 8.3 Given the latest monitoring position outlined in this report, the risks to 2025/26 have been removed or reduced. Going forward, risks to future years Capital Expenditure plans will be monitored with mitigating actions identified. The main risks impacting the Capital Budget are maintained in Appendix V, which includes updates to risks for Inflation and Interest Rates following ongoing conflict in the Middle East. 8.4 These risks are monitored continuously by officers, and any implications on the Capital Budget will be reported to the Committee at the appropriate time. 9. Impact and Value Assessment 9.1 This is an operational report, and as such, an impact and value assessment in not required.
Page 14
10. Appendices Appendix I - Composite Capital Programme - Estimated Capital Resources 2025/26 to 2030/31 Appendix II - Composite Capital Programme - Summary of Capital Resources and Expenditure 2025/26 to 2030/31 Appendix III - HRA Capital Investment Programme – Summary of Capital Resources and Expenditure 2025/26 to 2029/30 Appendix IV - Significant Capital Projects Progress Update Appendix V - Capital Budget Financial Risks