Issue - meetings

A report from the Executive Director of Finance, Resources and Customer Services is attached. (Key decision – reference number 4652)

(Report No.164)

(8.25 – 8.30 pm)

Fay Hammond (Director of Finance) introduced the report of the Executive Director of Finance, Resources and Customer Services (No.164), informing Members of the current capital programme position (2017/18 – 2020/21).

NOTED that Members’ attention was drawn to the fact that the 2017-18 programme capital budget has been re-profiled to £308.5m reflecting the current programmed spend and the Table 3 which sets out new additions to the programme.

Alternative Options Considered: Not applicable to this report.

DECISION: The Cabinet

1.            Agreed the revised four-year approved programme totalling £724m and the indicative programme of £162m as set out in Appendix A of the report.

2.            Noted that the additions to the programme were for information only and either required no additional borrowing as they were grant funded or had already been approved as part of the Council’s democratic process as detailed in Table 3 of the report.

Reason: To inform Members of the current position regarding the Council’s capital programme and agree the revised four-year programme as detailed in the report.

(Key decision – reference number 4652)