Decision details
Capital Programme Budget 2013/14 to 2017/18
Decision Maker: Executive
Decision status: Decision Made
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Purpose of Report: To present the 5 year
capital programme budget 13/14 to 17/18 including new capital
schemes and appropriate funding arrangements, following this years
Capital Resource Allocation Model (CRAM) process.
Members are to recommend to Full Council the approval of the 5 year
Capital Programme budget 13/14 to 17/18, the new schemes and the
associated funding.
Decision:
RECOMMENDED: That Council:
i) Agree to the revised capital programme of £176.709m, that reflects a net overall increase of £48.381m as set out in paragraph 30 table 10 and in Annex A ‘budget amendments’ column). Key elements of this include:
o Extension of prudential borrowing funded Rolling Programme schemes totalling £3.365m including the IT development fund as set out in paragraph 10 table 2 and summarised in paragraph 27 table 9;
o Creation of 2 new prudential borrowing funded Rolling Programme schemes totalling £1.500m as set out in paragraph 14 table 3 and summarised in paragraph 27 table 9
o New schemes totalling £3.585m including an increase in prudential borrowing of £3.185m as set out in paragraph 16 table 4 and summarised in paragraph 27 table 9;
o New externally funded schemes totalling £25.974m as set out in paragraph 18 table 5 and summarised in paragraph 26 table 9
o An increase in HRA funded schemes totalling £13.957m funded from HRA balances of £13.957m as set out in paragraph 19 table 6 and summarised in paragraph 27 table 9.
ii) Approve the full restated programme as summarised in Annex A totalling £176.709m cover financial years 2013/14 to 2017/18 as set out in paragraph 30 table 10.
REASON: To set a balanced capital programme as required by the Local Government Act 2003.
Report author: Louise Branford-White
Publication date: 13/02/2013
Date of decision: 12/02/2013
Decided at meeting: 12/02/2013 - Executive
Effective from: 15/02/2013
Accompanying Documents:
PDF 166 KB