Capital Budget 2021/22 to 2025/26
Decision Maker: Executive
Decision status: Decision Made
Is Key decision?: Yes
Is subject to call in?: No
Purpose of Report: To present the capital programme, including detailed scheme proposals.
The Executive are asked to recommend the proposals to full Council.
Recommended: (i) That Council agree the revised capital programme of £546.880m, reflecting a net overall increase of £41.037m (as set out in Table 2 at paragraph 13 of the report and in Annex A), key elements of which include:
a) New schemes funded by prudential borrowing totalling £7.513m, as set out in Table 3;
b) New schemes funded by a combination of prudential borrowing and external funds totalling £3.300m, as set out in Table 4 and summarised in Table 5;
c) New schemes funded by a combination of prudential borrowing and other internal funds totalling £200k, as set out in Table 6;
d) Extension of prudential borrowing funded Rolling Programme schemes totalling £10.870m, as set out in Table 5 and summarised in Table 7;
e) Extension of externally funded Rolling Programme schemes totalling £7.00m, as set out in Table 9; and
f) An increase in HRA-funded schemes totalling £11.954m, funded from a combination of HRA balances and Right to Buy balances, as set out in Table 10.
(ii) That Council note that the total increase in council borrowing as a result of new schemes being recommended for approval is £20.483m, the details of which (schemes) are considered within this report and the financial strategy report.
(iii) That Council approve the full re-stated programme totalling £546.880m, covering financial years 2021/22 to 2025/26, as set out in Table 14 at paragraph 75 of the report, and in 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: 12/02/2021
Date of decision: 11/02/2021
Decided at meeting: 11/02/2021 - Executive