Issue - meetings

As detailed in the recommendations.

The Corporate Finance Manager introduced the Council Fund Capital Programme and indicative programme for 2017/18 – 2019/20.   The report was linked with the draft Capital Strategy and Asset Management Plan 2016-2020 where it was proposed to split the Council Fund Capital Programme into 3 sections; Statutory / Regulatory; Retained Assets and Investment sections.  The report provided details of the proposed allocations for the period 2016/17 – 2019/20 for those sections of the Programme.

            Table 3 in the report showed the proposed schemes for the period 2016/17 – 2019/20 for the Investment section of the Capital Programme which would grow through 2016/17 as business plans were developed.  Table 4 summarised the proposals for the 2016/17 – 2019/20 Council Fund Capital Programme financed from general funding. 

            Details of schemes funded by specific grants and borrowing were outlined in Table 6 in the report with Table 7 showing the summary of total proposals for the 2016/17 – 2019/20 Capital Programme.

            Councillors Shotton and Kevin Jones commented on the importance of the headroom that had been built in to enable the programme to be more flexible, either to allocate funding to small schemes as they presented in year as a result of opportunities or to fund urgent unforeseen activity.

RESOLVED:

That the following be recommended to County Council on 16 February 2016:

·         Approval of the allocations in Table 2 for Statutory/Regulatory and Retained Assets sections of the Council Fund Capital Programme 2016/17 – 2019/20

·         Approval of the schemes included in Table 3 for the Investment section of the Council Fund Capital Programme 2016/17 – 2019/20

Continued support for the existing process of allocating capital receipts to fund capital schemes generally only when the receipts have been actually received