Issue - meetings

To consider the report of the Cabinet Member for Finance and Change detailing the General Fund Capital Programme 2023/24 to 2028/29.

Report of the Cabinet Member for Finance and Change detailing the General Fund Capital Programme 2023/24 to 2028/29. The report set out for Council significant changes in the overall General Fund (GF) Capital Programme for the period of 2023/24 to 2028/29. This included highlighting the changes in the programme since the last reported position to Cabinet in February 2024.

The net result of the changes since the previous report was an increase to the General Fund programme of £29.12M.  The capital budget proposals put forward in this report reflected the anticipated needs of the Council over the next five years. This provided certainty about future funding and

enabled capital spending to be prioritised including to deliver purposeful investment alongside service and council priorities.

The recommendations therein, were moved by Councillor Letts and seconded by Councillor Fielker.

The Council agreed to suspend Council Procedure Rules 14.2, 14.5, 14.6, 14.7, 14.8, 14.9 and 16.2:-

(i)  to enable any amendments to be proposed, seconded and considered at the same time;

(ii)  to enable any amendment to be re-introduced later into the meeting; and

(iii)  to revise the time allowed for speakers as follows:-

Movers of motions - 20 minutes

Seconders - 10 minutes

Green Party/Independent Members – 5 minutes

Honorary Alderman - 5 minutes

Right of Reply (Executive only) – 10 minutes

RESOLVED:

(i)  That the Council’s Capital Strategy detailed in Appendix 1 be approved.

(ii)  That the Council’s MRP Strategy detailed in Appendix 2 be approved and delegate authority to the Executive Director for Corporate Services (S151 Officer) to make any changes required following the outcome of the consultation on changes to the statutory guidance and regulations: Minimum Revenue Provision.

(iii)  That the Council’s Non-Treasury Investment Strategy detailed in Appendix 3 be approved.

(iv)  That the Council’s Treasury Management Strategy detailed in

    Appendix 4 be approved.

(v)  That the Council’s Flexible Use of Capital Receipts Strategy

    detailed in Appendix 5 be approved.

(vi)  That the revised fully funded General Fund Capital Programme,

    which totals £264.81M (as detailed in paragraphs 18 to 21) and the

    associated use of resources be approved.

(vii)  That the addition and spend of £31.09M which has been added to the General Fund programme be approved. These additions are detailed in paragraphs 24 to 48 and Appendix 7.

(viii)  That the removal of schemes from the capital programme totalling £2.18M, set out in paragraphs 40 and 48 and detailed in Appendix 7 be approved.

(ix)  That the spend of £39.66M for the SEND Expansion Programme, as set out in paragraph 32 be approved.

(x)  Approve the spend of £27.03M for the Outdoor Sports Centre, as set out in paragraph 37.

(xi)  To delegate authority to the Executive Director for Place

    following consultation with the Cabinet Member for Communities    and Leisure, Executive Director for Corporate Services (S151     Officer), Head of Supplier Management Services and Head of       Corporate Estate and Assets to conclude all necessary      negotiations on the Football Foundation Grant Terms and       Conditions be approved.

(xii)  To delegate authority  ...  view the full minutes text for item 67

To consider the report of the Cabinet Member for Finance and Change detailing the General Fund Capital Programme 2023/24 to 2028/29.

DECISION MADE: (CAB 23/24 43665)

On consideration of the report of the Cabinet Member for Finance and Change, Cabinet approved the following:

(i)  Recommend to Council the Capital Strategy, as detailed in Appendix 1.

(ii)  Recommend to Council the Minimum Revenue Provision (MRP) Strategy as detailed in Appendix 2.

(iii)  Recommend to Council the Non-Treasury Investment Strategy as detailed in Appendix 3.

(iv)  Recommend to Council the Treasury Management Strategy as detailed in Appendix 4.

(v)  Recommend to Council the Flexible Use of Capital Receipts Strategy as detailed in Appendix 5.

(vi)  Recommend to Council the revised fully funded General Fund Capital Programme, that totals £264.81M (as detailed in paragraphs 18 to 21) and the associated use of resources.

(vii)  Recommend to Council the addition of £31.09M to the General Fund programme, with approval to spend. These additions are detailed in paragraphs 24 to 48 and Appendix 7.

(viii)  Recommend to Council the removal of schemes from the capital programme totalling £2.18M, set out in paragraphs 40 and 48 and detailed in Appendix 7.

(ix)  Recommend to Council the approval to spend £39.66M for the SEND Expansion Programme, as set out in paragraph 32.

(x)  Recommend to Council the approval to spend £27.03M for the Outdoor Sports Centre, as set out in paragraph 37.