Decision details

RESOLVED:

(1)     That expenditure of £9.484million in 2017/18 on the Capital Programme (Paragraph 8.2 refers), and in particular the changes detailed in Table 3 which resulted in a net increase on the working estimate of £0.011million, be noted;

(2)     That the adjustments to the Capital Programme for 2018/19 and onwards as a result of the revised timetable of schemes detailed in Table 2, increasing the estimated spend in 2018/19 by £1.506million (re-profiled from 2017/18), be approved;

(3)     That the position of the availability of Capital resources, as detailed in Table 4, Paragraph 8.6, and the requirement to keep the Capital Programme under review for affordability, be noted;

(4)     That the application of £1.437million of Capital receipts towards the 2017/18 Capital Programme, and the drawdown of £6.390million from set aside receipts, as referred to in Paragraph 8.6 of the report, be approved; and

(5)     That, in view of the fact that Capital funds are likely to be depleted within the next few years, it be ensured that regular scrutiny of the Capital Programme is carried out by the Cabinet.

REASON FOR DECISION: To approve revisions to the Capital Programme; and to ensure that the Capital Programme is fully funded.