Issue - meetings
Asset Disposal and Capital Receipts Generated 2019/20
Meeting: 18/11/2020 - Audit Committee (Item 7)
7 Asset Disposal and Capital Receipts Generated 2019/20 
PDF 146 KB
Additional documents:
- Enc. 1 - Capital Receipts 2017/18 - 2019/20, item 7
PDF 84 KB
- Webcast for Asset Disposal and Capital Receipts Generated 2019/20
Decision:
That the report be noted.
Minutes:
The Chief Officer (Housing & Assets) presented the annual report summarising land disposals and realisation of capital receipts during 2019/20. Capital receipts were aligned to contribute towards the Council’s programme of capital schemes across all portfolios. The revenue implications from capital expenditure were highlighted, along with the continued reduction in Welsh Government (WG) support for capital expenditure.
In response to questions from Allan Rainford, the Chief Officer explained the approach to dealing with surplus assets including options to mitigate other pressures. He also spoke about the importance of WG grants to support the Capital Programme due to the decreasing number of capital receipts.
The recommendation was moved and seconded by Councillors Dunbobbin and Johnson.
RESOLVED:
That the report be noted.