Issue - meetings

This report sets out the Council’s Capital Programme budget including new capital bids proposed for the medium term financial planning period 2020/21 to 2024/25.

RESOLVED that Cabinet:

(1)        Note the five year Capital Programme position (as detailed within Table 1 of the report).

(2)    Agree to recommend to Full Council the Capital Programme 2020/21 – 2024/25 as set out in Appendix 1 of the report and that the Chief Officers be authorised to take all the necessary actions for implementation of the programmes.

(3)    Agree to recommend to Full Council the changes to the existing Capital Programme in relation to additions of new projects as set out in Appendix 1 of the report.

(4)    Agree that the Director of Finance be authorised to make the necessary adjustments to the Capital Programme to account for the final 2019/20 outturn position and any associated programme slippage.

(5)    Agree to recommend to Full Council the Capital Strategy, Investment Strategy, Treasury Management Strategy and Minimum Revenue Provision Policy as detailed in Appendices 3 – 6 of the report.

The Deputy Leader & Cabinet Member for Resources, Councillor Margaret McLennan, introduced the report setting out the Council’s Capital Programme.  The report also included new capital bids proposed for the medium term financial planning period 2020/21 – 2024/25.

Cabinet noted the extensive nature of the Capital Programme which, as part of the budget setting process, had been focussed on supporting the delivery of a number of the Council’s statutory responsibilities in relation to school place provision, investment in new affordable housing and the existing housing stock, town centres, public realm and community facilities.  In addition to the existing Capital Programme, the report also detailed the schemes held in the pipeline for inclusion in the 2020/21 -2024/25 programme.  The key projects included within the programme had been detailed within section 4 – 9 of the report with members specifically highlighting the South Kilburn Estate Regeneration and Highways and Footways maintenance programme.

RESOLVED that Cabinet:

(1)        Note the five year Capital Programme position (as detailed within Table 1 of the report).

(2)    Agree to recommend to Full Council the Capital Programme 2020/21 – 2024/25 as set out in Appendix 1 of the report and that the Chief Officers be authorised to take all the necessary actions for implementation of the programmes.

(3)    Agree to recommend to Full Council the changes to the existing Capital Programme in relation to additions of new projects as set out in Appendix 1 of the report.

(4)    Agree that the Director of Finance be authorised to make the necessary adjustments to the Capital Programme to account for the final 2019/20 outturn position and any associated programme slippage.

(5)    Agree to recommend to Full Council the Capital Strategy, Investment Strategy, Treasury Management Strategy and Minimum Revenue Provision Policy as detailed in Appendices 3 – 6 of the report.