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 December 2014 regarding the Council’s capital programme (2014-18). (Key decision – reference number 3956)

(Report No.177)

(8.20 – 8.25 pm)

Councillor Doug Taylor (Leader of the Council) introduced the report of the Director of Finance, Resources and Customer Services (No.177) informing Members of the current position up to the end of December 2014 regarding the Council’s Capital Programme (2014-19) taking into account the latest information for all capital schemes including the funding arrangements.

NOTED that the figures were consistent with those reported to Cabinet on 11 February 2015 as part of the 2015/16 budget report to Council. The report showed that the overall expenditure was projected to be £121.1m for the General Fund and £42.4m for the HRA for 2014/15.

Alternative Options Considered: Not applicable to this report.

DECISION: The Cabinet

1.               Noted the additions to the General Fund Capital Programme totalling £4.4m in 2014/15 as shown in Table 1 – to be funded from grants, contributions and earmarked resources with an approved increase in general resources. Cabinet also noted the additions to the HRA Programme totalling £500k.

2.               Agreed the updated five year programme including proposed reductions.

3.               Noted the indicative programme and that updates would be reported to Cabinet before inclusion in the agreed programme.

Reason: To inform Members of the current position, as detailed in the report.

(Key decision – reference number 3956)