Issue - meetings

As detailed in the recommendations.

The Corporate Finance Manager outlined the proposals for the Council Fund Capital Programme for 2015/16, including indicative funding estimated for future years.

A meeting hosted by Corporate Resources Overview and Scrutiny Committee was held on 30 January 2015 to enable all Members to consider the 2015/16 capital programme.  Members raised various comments and questions and a summary of them, including the responses, was appended to the report.

When approving the 2014/15 Capital Programme, Members endorsed a more prudent approach to setting the capital budget, particularly in relation to the recognition of capital receipts.  This led to a reduced core programme in 2014/15 and that approach had been replicated again for 2015/16.

Details of how the capital programme was funded were provided in the report, showing that the total projected resources available to date in 2015/16 to fund the core capital programme were £6.868m.  The total projected funding available, including the core programme, over the four year period 2015/16 to 2018/19 amounted to £82.719m.

The Leader and Cabinet Member for Finance welcomed that the shortfall of £1.578m for approved schemes from 2014/15 had been eradicated and particularly welcomed the grant funding for 21^st Century Schools which saw an exciting new school development at Holywell and the Post 16 Hub at Connah’s Quay in the near future.

            RESOLVED:

That Cabinet recommend the following to Council on 17 February 2015 for approval:

Approval of the allocation of funding to the core capital programme in 2015/16, as shown in Appendix 1 (and note the indicative funding available for future years)