Issue - meetings

Recommended:That Council:

(i)        Agree to make adjustments resulting in a decrease in the 2016/17 programme of £29.080m as detailed in the report and contained in Annex A.

(ii)      Approve the loan of £1.110m the Council will provide to Yorwaste, as set out in paragraphs 23 – 29 of the report, to be funded from the Waste reserve and note that this will have no impact on the Council’s overall borrowing levels.

Reason:     To enable the effective management and monitoring of the Council’s capital programme.

[See also Part A minutes]

Consideration was given to a report which set out the projected out turn position for the 2016/17 Capital Programme which included any adjustments and requests to re-profile budgets between years.

It was reported that the Capital Programme approved by Council in February 2016 and updated from later reports to the Executive was £100.146m and, with a decrease of £29.080m reported in the current monitor had resulted in a revised Capital Programme of £71.066m.

Members noted an increase of £110k had been made to the Harewood Whin transfer station scheme to reflect a loan to Yorwaste, to replace the current contribution of £1m, currently approved in the capital programme. Officers also drew Members attention to the decrease detailed in the monitor resulting in the revised 2016/17 capital programme as set out in Table 1 of the report.

Recommended:That Council:

(i)        Agree to make adjustments resulting in a decrease in the 2016/17 programme of £29.080m as detailed in the report and contained in Annex A.

(ii)      Approve the loan of £1.110m the Council will provide to Yorwaste, as set out in paragraphs 23 – 29 of the report, to be funded from the Waste reserve and note that this will have no impact on the Council’s overall borrowing levels. ^1.

Reason:     To enable the effective management and monitoring of the Council’s capital programme.