The Council approved its Capital Plan for 2024/25 on 24th January 2024.
The Council recognises five principal drivers for capital expenditure:
- Legislative requirements
- Efficiencies or spend to save projects
- Maintenance of assets and operations at current approved levels
- Service developments
- Council priorities
Capital expenditure is funded from three sources: capital grants from Scottish Government and other sources; capital receipts from the sale of assets or from developer obligations; and borrowing.
When the Council borrows for capital expenditure, the capital financing charges incurred are met from the revenue budget. Therefore the Capital Plan has a direct impact on the revenue budget and the two are considered jointly at the same budget-setting meeting of Council.
A summary of the Plan can be reached from the link below:
The Council’s Capital Strategy underpins the Council’s 10 year capital plan and was revised and approved by Committee on 24 January 2024: