Issue - meetings

To consider the report of the Cabinet Member for Housing and Adult Care detailing the HRA Capital Programme Project Approvals 2016/17 and 2017/18, attached.

The report of the Cabinet Member for Housing and Adult Care was submitted detailing the HRA Capital Programme Project Approvals 2016/17 and 2017/18.

RESOLVED

(i)  that in accordance with Finance Procedure Rules, the addition of £4,785,000 for an Existing Satisfactory Purchase Scheme within the Estate Regeneration and New Build section of the HRA Capital Programme funded by Direct Revenue Financing (70%) and retained ‘right to buy’ receipts (30%) be approved;

(ii)  that capital expenditure of £4,785,000, in 2016-17 on the Existing Satisfactory Purchase Scheme be approved and delegated authority be granted to the Head of Capital Assets to agree individual property acquisitions as set out in Section 44 of the report;

(iii)  that the capital budget be re-phased for ECO - Thornhill/Shirley Towers/Sturminster House/Albion Towers and District Heating by realigning the unapproved budget (£6,100,000) to current timelines with £2,940,000 in 2016-17 and £3,160,000 in 2017-18; and

(iv)  that in accordance with Financial Procedure Rules, capital expenditure of £16,984,000 be approved, phased as follows:

·  £6,100,000 in 2016/17

·  £10,884,000 in 2017/18, on schemes exceeding £2,000,000.

To consider the report of the Cabinet Member for Housing and Adult Care detailing the HRA Capital Programme Project Approvals 2016/17 and 2017/18, attached. 

DECISION MADE: (CAB 16/17 17278)

On consideration of the report of the Cabinet Member for Housing and Adult Care, Cabinet agreed the following:

(i)  To re-phase the capital budget for Renewing Communal Alarm Systems by bringing forward £1,071,000 in 2018/19 to 2016-17 (£250,000) and 2017-18 (£821,000).

(ii)  To note the reduction in required budget for the Copse Road Improvement work from £463,000 to £250,000 and the associated reduction of £213,000 in the level of Direct Revenue Financing required to fund the HRA Capital Programme.

(iii)  To approve, in accordance with Financial Procedure Rules, capital expenditure of £12,471,000, phased as follows:

£3,509,000 in 2016/17 and

£8,962,000 in 2017/18, on schemes not exceeding £2,000,000.

Provision for these schemes exists within the HRA Capital Programme as detailed in the table below.