Agenda item

Report of the Cabinet Member for Finance notifying any major changes in the overall General Fund Capital Programme for the period 2016/17 to 2020/21, attached.

NOTE:  In accordance with Regulation 6 of the Local Authorities (meetings and access to information) Regulations 2012 confidential appendix 6 is submitted for consideration with the consent of the Chair of Overview and Scrutiny Management Committee that the information contained within the appendix is urgent, cannot be deferred and must be considered in private session.

DECISION MADE: (CAB 16/17 17564)

On consideration of the report of the Cabinet Member for Finance, Cabinet agreed the following:

(i)  Approve the revised General Fund Capital Programme, which totals £151.74M (as detailed in paragraph 4) and the associated use of resources.

(ii)  Notes that £0.37M has been added to the General Fund overall programme, with approval to spend in 2016/17, under delegated powers. These additions are detailed in paragraph 6 and Appendix 2.

(iii)  Approve the addition of a total of £5.98M to the General Fund programme and approval to spend £5.98M as detailed in paragraphs 10 - 18, Appendices 1, 2 and 3. Approval to spend is requested subject to any variations from the spend detailed in the report being reviewed and approved by the Council Capital Board and not exceeding the amounts identified within this programme.

(iv)  Notes that £0.04M has been removed from the overall General Fund programme, as detailed in paragraph 6 and Appendix 2.

(v)  Notes that £0.04M has been re-phased from 2017/18 to 2016/17 within the Transport portfolio, as detailed in paragraph 19 and Appendix 3.

(vi)  Notes that the revised General Fund Capital Programme is based on prudent assumptions of future Government Grants to be received.

(vii)  Notes the changes to the General Fund programme, as summarised in Appendix 2 and described in detail in Appendix 3.

(viii)  Approve the slippage and re-phasing as set out in paragraph 20 and as described in detail in Appendix 3.

(ix)  Notes that the General Fund forecast position at Quarter 2 is £153.39M, resulting in a potential overspend of £1.65M, as detailed in paragraph 22, Appendix 5 and confidential Appendix 6.

(x)  Notes the position on the Housing Revenue Account Capital Programme as detailed in paragraphs 39 to 42 and in appendices 7 and 8.