Issue - meetings

A report from the Director of Finance, Resources and Customer Services is attached. This informs Members of the current position up to the end of September 2014 regarding the Council’s capital programme (2014-18). (Key decision – reference number 3955)

(Report No.126)

(8.25 – 8.30 pm)

Councillor Andrew Stafford (Cabinet Member for Finance) introduced the report of the Director of Finance, Resources and Customer Services (No.126) informing Members of the current position up to the end of September 2014 regarding the Council’s Capital Programme (2014-18) taking into account the latest information for all capital schemes including the funding arrangements.

NOTED

1.               The extensive capital programme for 2014-18 as set out in the report. Members’ noted the significant projects that were being undertaken as detailed in the report.

2.               That borrowing levels had not increased significantly, section 7 of the report referred.

Alternative Options Considered: Not applicable to this report.

DECISION: The Cabinet agreed

1.               The additions to the General Fund Capital Programme totalling £731k in 2014/15 (Table 1 – to be primarily funded from grants, contributions and earmarked resources) and noted that this did not increase capital financing costs. Cabinet also agreed the additions to the HRA Programme totalling £203k.

2.               The updated four year programme including proposed reductions subject to indicative estimates included in later years (as detailed in section 5 of the report).

Reason: To ensure that Members were aware of the current position up to the end of September 2014 regarding the Council’s Capital Programme (2014-18), as set out in the report.

(Key decision – reference number 3955)