Issue - meetings
2023/24 Asset Management Outturn
Meeting: 29/05/2024 - Cabinet (Item 15)
15 Asset Management Outturn 2023/24 
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Finance and Resources
To report the actual expenditure against budget for the Asset Management Plan in 2023/24 and to update the Asset Management Plan requirement for 2024/25.
Additional documents:
Decision:
Resolved:
1. That the expenditure for the year on Asset Management projects, as shown in Annex 1, be noted.
2. That the updated budget for Asset Management projects in 2024/25, as shown in Annex 2, be approved.
Minutes:
Consideration was given to a report of the Finance and Resources Portfolio Holder which compared the actual expenditure on Asset Management Plan (AMP) projects with the approved budget for 2023/24.
The total revised AMP budget in 2023/24 was £3.560M. Actual expenditure in the year was £1.875M. The outturn position for 2023/24 had been reviewed, following which the AMP requirement for 2024/25 had been updated.
Having considered the options and for the reasons set out in the report, the recommendations were proposed by Councillor Flood, seconded by Councillor P North and Cabinet agreed to the following:
Resolved:
1. That the expenditure for the year on Asset Management projects, as shown in Annex 1, be noted.
2. That the updated budget for Asset Management projects in 2024/25, as shown in Annex 2, be approved.