Issue - meetings

The report of the Cabinet Member for Resources.  The purpose of this report is to outline the General Fund and Housing Revenue Account capital outturn position for 2018/19 and seek approval for the proposed financing of the expenditure. 

RESOLVED that Council:

(i)  Notes the actual capital spending in 2018/19 for the General Fund was £48.15M and for the HRA was £43.24M, as shown in paragraphs 3 to 5 and notes the major variances in Appendix 1 with explanations for them in Appendix 4.

(ii)  Notes the revised estimates for 2019/20, adjusted for slippage and re-phasing and additions contained within this report, as shown in Appendix 2.

(iii)  Approves the proposed capital financing in 2018/19 as shown in paragraph 6.

(iv)  Approves the proposed revised General Fund capital programme to 2022/23 and its financing as shown in paragraphs 22 & 25.

(v)  Approves the proposed revised HRA capital programme to 2022/23 and its financing as shown in paragraphs 29 & 31.

(vi)  Notes that the capital programme remains fully funded up to 2022/23 based on the latest forecast of available resources although the forecast can be subject to change; most notably with regard to the value and timing of anticipated capital receipts and the use of prudent assumptions of future Government Grants to be received.

(vii)  Notes the addition of £0.67M to the programme since the last reported position in February 19, under delegated powers. As detailed in paragraph 24 and Appendix 3.

(viii)  Approves the addition and spend of £0.45M in 2019/20, to the Aspiration, Schools and Lifelong Learning programme. As detailed in Appendix 6 paragraph 1.

(ix)  Approves the addition and spend of £2.25M in 2019/20, £2.25M in 2020/21 and £2.25M in 2021/22 to the Community Wellbeing programme. As detailed in Appendix 6 paragraph 2.

(x)  Approves the addition and spend of £11.13M in 2019/20 and £3.10M in 2020/21 to the Transport and Public Realm programme. As detailed in Appendix 6 paragraphs 3-9.