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Decision details

Capital Budget 2020/21 to 2024/25

Decision Maker: Executive

Decision status: Decision Made

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

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

 

Members will be asked to recommend the proposals to Full Council

Decision:

Recommended:  That Council:

 

(i)      Approve the revised capital programme of £559.617m which reflects a net overall increase of £55.730m, as set out in table 12 at paragraph 89 of the report and in Annex A, key elements of which include:

a)   New schemes funded by prudential borrowing totalling £14.645m, as set out in table 3 and summarised in table12;

b)   New schemes funded by a combination of prudential borrowing and external funds of £695k, as set out in table 4 and summarised in table 12;

c)   Extension of externally funded Rolling Programme schemes totalling £12.485m, as set out in table 5 and summarised in table 12;

d)   Extension of externally funded Rolling Programme schemes, as set out in table 6 and summarised in table 12;

e)   An increase in HRA funded schemes totalling £9.605m funded from a combination of HRA balances / Right to Buy receipts, as set out in table 7 and summarised in table 12.

 

(ii)      Note that the total increase in council borrowing as a result of new schemes being recommended for approval is £40.655m, details of which are considered within this report and the Financial Strategy report.

 

(iii)     Approve the full re-stated programme totalling £559.617m covering financial years 2020/21 to 2024/25, as summarised in Annex B to the report and set out in table 13 and Annex B.

 

Reason:     In accordance with the statutory requirement to set a capital budget for the forthcoming financial year.

Report author: Emma Audrain

Publication date: 14/02/2020

Date of decision: 13/02/2020

Decided at meeting: 13/02/2020 - Executive

Effective from: 18/02/2020

Accompanying Documents:

 

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