Issue - decisions

Resolved:

                         i.         To recommend the Council agree to the revised capital programme of £385.383m that reflects a net overall increase of £60.947m (as set out in table 2 and in Annex 1). Key elements of this include:

a.    New schemes funded by prudential borrowing totalling £8.150m as set out in table 3;

b.    Extension of prudential borrowing funded Rolling Programme schemes totalling £24.712m as set out in table 4;

c.    Extension of externally funded Rolling Programme schemes totalling £11.935m as set out in table 5;

d.    An increase in HRA funded schemes totalling £16.150m funded from a combination HRA balances/capital receipts as set out in table 6;

                        ii.         To recommend that Council noted the total increase in Council borrowing as a result of new schemes being recommended for approval is £32.862m the details of which are considered within this report and the financial strategy report.

                      iii.         To recommend that Council approve the full restated programme as summarised in Annex 2 totalling £385.383m covering financial years 2025/26 to 2029/30 as set out in table 10 and Annex 2.

Reason: To ensure the Council maintains the funding for the capital programme.