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 £180.206m that reflects a net overall increase of £28.451m (as set out in paragraph 54 table 10 and in Annex B). Key elements of this include

o        Extension of prudential borrowing funded Rolling Programme schemes totalling £4.921m as set out in table 3 and summarised in table 10;

o        New schemes totalling £2.415m including an increase in prudential borrowing of £643k as set out in tables 4 & 5 and summarised in table 10;

o        Extension of externally funded Rolling Programme schemes totalling £9.878m as set out in table 6 and summarised in table 10;

o        An increase in Housing Revenue Account funded schemes totalling £12.009m funded from a combination HRA balances/Right to Buy receipts of £12.009m as set out in table 7 and summarised in table 10

·        Approve the full restated programme as summarised in Annex A totalling £180.206m cover financial years 2016/17 to 2020/21 as set out in table 11 and Annex A

·          Approve the appropriation of the Housing Revenue Account shops into the General Fund as set out at paragraph 5 in the report.

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