Decision details

The Council considered the report of the Deputy Chief Executive / Director – Resources and Section 151 Officer which set out the proposed Capital Programme for the period 2021/22 to 2024/25.  Following the Policy & Finance Committee’s consideration of the Capital Programme at its meeting on 22 February 2021 and in accordance with Financial Regulation 6.2.3, the final programme was recommended to Council for approval.  Attached as Appendix 1 to the report was the report submitted to Policy & Finance Committee held on 22 February 2021 which detailed the resources available, the Council’s existing committed programme and the priority schemes identified.

The Capital Programme for 2021/22 to 2024/25 proposed investment of £116.534m over the 4 year programme, including Housing Services £56.895m (made up of Property Investment and the New Build Programme) and General Fund £59.639m (made up of various general fund projects). The expenditure was financed by a combination of Government Grants, Third Party Contributions, Capital Receipts, Revenue Support (through the HRA Major Repairs Reserve, General Fund reserves) and borrowing.

AGREED      (unanimously) that:

(a)          the General Fund schemes shown in Appendix A and the Housing Services Programme shown in Appendix B be approved as committed expenditure in the Capital Programme;

(b)          the Capital Programme be managed in accordance with Financial Regulation 6.2.3;

(c)          in accordance with the delegation to the Section 151 Officer in the Council’s Constitution to arrange financing of the Council’s Capital Programme, the Capital Programme for the financial years 2021/22 to 2024/25 be financed to maximise the resources available, having regard to the provisions of the Local Government and Housing Act 1989 and subsequent legislation; and

(d)          any changes above the limit delegated to the Section 151 Officer (i.e. £10,000), either in funding or the total cost of the capital scheme, be reported to the Policy & Finance Committee for consideration.