Issue - meetings

AGREED That the General Fund schemes set out at Appendix A to the report, and the Housing Services schemes set out at Appendix B to the report, be recommended to Full Council on 8 March 2023 as committed expenditure in the Capital Programme for 2023/24 to 2026/27.

The Leader and Portfolio Holder for Strategy, Performance & Finance presented a report which detailed the proposed capital schemes over the medium term, together with the available resources to finance them.  In accordance with the Financial Regulations, Cabinet was required to consider the Capital Programme and recommend to the Council the final Programme for approval on 9 March 2023.

In respect of the general fund capital expenditure, the Council intended to spend £78.631m from 2023/24 to 2026/27 on the schemes set out in Appendix A to the report.  In respect of the Housing Revenue Account expenditure, the Council intended to spend £50.607 from 2023/24 to 2026/27.  This was made up of £27.624m on existing property investment and £22.983m on additional Affordable Housing.  Details of the individual schemes were set out in Appendix B to the report.

AGREED      (unanimously) that the General Fund schemes set out at Appendix A to the report and the Housing Services schemes set out at Appendix B to the report, be recommended to Full Council on 8 March 2023 as committed expenditure in the Capital Programme for 2023/24 to 2026/27.

Reasons for Decision:

To enable the Capital Programme to be considered by Cabinet in accordance with Financial Regulation 6.2.3 prior to its submission to Council.

Options Considered:

If the Council did not have a Capital Programme, this would result in not being able to deliver the schemes and not achieve the objectives in the community plan.