Decision details

Capital Programme Budget 2007/08 to 2010/11

Decision Maker: Executive - for meetings from 03/06/00 to 26/04/11

Decision status: Withdrawn

Is Key decision?: No

Is subject to call in?: No

Decisions:

Members considered a report which set out the Council’s proposed capital budget for the period 2007/08 to 2010/11, highlighted capital bids from departments that had been through the revised Capital Resource Allocation Model (CRAM) process and provided options to achieve a balanced four year capital programme.  Details of the current programme, the externally funded CRAM bids for 2007/08, the rolling programme CRAM bids and rolling programme scheme changes were set out in Annexes 1-5 to the report.  The capital receipts forecast was set out in (exempt) Annex 6 and the proposed programme for 2007/08-2010/11 in Annex 7.

 

The current approved capital programme ran from 2006/07 to 2008/09.  It was proposed that the 2007/08 budget process would set a programme that would run over 4 years, reflecting best practice and bringing it in line with the Council’s political cycle.  The proposals in the report therefore represented a 2 year extension of the current programme.  If approved, they would result in a capital programme for 2007/08 to 2010/11 of £139.123m and an underlying funding shortfall of £1.6m.  Paragraph 5 summarised the main areas of spend in each department, comprising:

  • Children’s Services - £26.m, including £12.5m investment in the new York High School;
  • City Strategy - £31m, including £10.8m on carriageway resurfacing and bridge maintenance;
  • Housing - £27.1m, including £19.3m on Major Replaces Allowance schemes, making improvements to 2,350 Council homes across York;
  • Leisure and Culture - £12m, including £5.2m on a new 25 metre public pool on the York High School site, subject to final approval;
  • Resources - £34.7m, including £33.9m on the Council’s Administrative Accommodation project, centred around the Hungate site.

 

Proposals to close the £1.6m funding gap were presented in paragraphs 22 and 23, as follows:

Proposal 1 (para. 22) – reduce the property investment budget by £50k per annum, subject to review in the light of the outcome of the Administrative Accommodation project.  This would reduce the deficit by £150k.

Proposal 2 (para. 23) – use prudential borrowing in 2010/11 to fund the residual gap left after implementing proposal 1.

 

RECOMMENDED: That the four year capital programme proposals presented in the report be approved, in particular:

a)     The inclusion in the capital programme of all existing approved schemes, as detailed in Annex 1 and paragraph 8;

b)     The inclusion in the capital programme of all fully funded schemes, as detailed in Annex 3 and discussed at paragraph 18;

c)      The continuation of the York Pools Scheme and Museums Lottery Scheme, as detailed in paragraph 20;

d)     The extension of existing rolling programme schemes, as illustrated in Table 2, except for:

·        The Ward Committees Scheme, which will be reduced by £70k per annum from 2008/09, as outlined in paragraph 16 (with a compensatory increase in revenue funding)

·        The Property Investment Scheme, which will be reduced by £50k per annum from 2008/09, as outlined in paragraph 23;

e)     The use of £250k of prudential borrowing in 2010/11, as per paragraph 23;

f)        The asset sales shown in (exempt) Annex 6, subject to the deletion of one of the items listed under “Usable Capital Receipts Previously Approved for Sale” (the 21st item on that list).

 

REASON:                  To achieve a balanced four year capital programme which will ensure the continuation of existing approved schemes.

Publication date: 19/01/2007

Date of decision: 16/01/2007

Decided at meeting: 16/01/2007 - Executive - for meetings from 03/06/00 to 26/04/11

Accompanying Documents:

 

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