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:

(i)           Approve the revised capital programme of £314.611m, reflecting a net overall increase of £54.767m (as set out in Table 10 at paragraph 81 of the report and in Annex B), key elements of which include:

·        Extension of prudential borrowing funded Rolling Programme schemes totalling £8.270m, as set out in Table 3 and summarised in Table 10;

·        New schemes totalling £8.506m, including an increase in prudential borrowing of £2.356m, as set out in Table 4 and summarised in Table 10;

·        Extension of externally funded Rolling Programme schemes totalling £5.380m, as set out in Table 5 and summarised in Table 10;

·        An increase in HRA funded schemes totalling £32.611m, funded from a combination of HRA balances and Right to Buy receipts, as set out in Table 6 and summarised in Table 10.

(ii)          Approve the full re-stated programme totalling £314.611m, as set out in Table 11 and Annex A.

Reason:              In accordance with the statutory requirement to set a capital budget for the forthcoming 2018/19 financial year.