Issue - meetings

A report from the Director of Finance, Resources and Customer Services is attached. This informs Members of the current position regarding the Council’s 2012 to 2015 capital programme taking into account the latest re-profiling information for all capital schemes.  (Key decision – reference number 3655)

(Report No.175)

(8.25 – 8.30 pm)

Councillor Andrew Stafford (Cabinet Member for Finance and Property) introduced the report of the Director of Finance, Resources and Customer Services (No.175) informing Members of the current position regarding the Council’s 2012 to 2015 capital programme taking into account the latest re-profiling information for all capital schemes.

NOTED

1.         that the Council was continuing to deliver a substantial capital programme with overall expenditure projected to be £99.9m for the General Fund and £48m for the HRA for 2012/13;

2.         the capital schemes and principle outcomes of the current year programme as set out in section 4 of the report;

3.         the capital programme funding, revenue implications and capital prudential indicators as set out in sections 5, 6 and 7 of the report. Projected funding was within borrowing limits. Appendix A to the report set out the capital programme 2012-2015 in detail, Members’ attention was drawn to the schemes included within the programme.

Alternative Options Considered: Not applicable to this report.

DECISION: The Cabinet agreed

1.         the re-profiled three year programme;

2.         the growth of the Capital Programme of £6.8m in 2012/13, the majority of which was related to the Schools devolved capital inclusion and other projects funded by grants and contributions;

3.         the net reduction of the Capital Programme by £19.5m in 2012/13 to reflect slippage into future years and scheme revisions.

Reason: To ensure that Members were aware of the current position regarding the Council’s 2012 to 2015 capital programme.

(Key decision – reference number 3655)