Issue - meetings

As detailed in the recommendations.

The Head of Finance introduced the report to propose the Council Fund Capital Programme for 2014/15, with indicative funding estimates for future years, following consultation with all Members. 

                        The Head of Finance provided background information and advised that the draft annual Council Fund Capital Programme for 2014/15 and indicative funding to 2017/18 had been considered by Cabinet on 21 January 2014 for initial approval and was referred to Overview and Scrutiny for consideration.  A meeting hosted by Corporate Resources Overview & Scrutiny Committee was held on 3 February 2014 to enable all Members to consider the 2014/15 Capital Programme.

                        The Head of Finance drew attention to the key considerations in the report and advised that the final budget proposals for 2014/15 and indicative funding to 2017/18 remained unchanged from the draft proposals.  Cabinet was asked to consider approval of the recommendations as set out in 8.01 of the report for recommendation to County Council.

RESOLVED:

That the following be recommended to Council on 18^th February 2014:

(a)       Note the report.

(b)       Approve the allocation of funding to the core capital programme in 2014/15, as shown in Appendix 1, including the additional items referred to in Section 5.05, and note the indicative funding available for future years; and

(c)        Approve the setting of a minimal capital receipts target for 2014/15 and the process whereby receipts generated in one financial year are used to fund expenditure in the next (See Section 5.02.3 and 5.02.4).