Decision details

Purpose of Report: To present the capital programme, including detailed scheme proposals.

Members are asked to recommend the proposals to full council.

Recommended: That Council agree to:

·        The revised capital programme of £187.019m that reflects a net overall increase of £44.107m (as set out in paragraph 55 table 7 and in Annex B). Key elements of this include

o        Extension of prudential borrowing funded Rolling Programme schemes totalling £5.970m as set out in table 2 and summarised in table 7;

o        New schemes totalling £8.763m including an increase in prudential borrowing of £5.538m as set out in table 3 and summarised in table 7;

o        New externally funded schemes totalling £15.140m as set out in table 4 and summarised in table 7;

o        An increase in HRA funded schemes totalling £14.234m funded from a combination HRA balances/Right to Buy receipts of £14.234m as set out in table 5 and summarised in table 7 subject to the approval of the Director of CBSS in relation to the IT investment (£1.810m)

·        Approve the full restated programme as summarised in Annex A totalling £187.019m cover financial years 2015/16 to 2019/20 as set out in table 8 and Annex A.

Reason:     To set a balanced capital programme as required by the Local Government Act 2003.