Issue - meetings

That Cabinet recommend to the Full Council on 7 March 2024 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 as committed expenditure in the Capital Programme for 2024/25 to 2027/28.

The Business Manager – Financial Services 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 7 March 2024.

In respect of the general fund capital expenditure, the Council intended to spend £64.401m from 2024/25 to 2027/28 on the schemes set out in Appendix A to the report.  In respect of the Housing Revenue Account expenditure, the Council intended to spend £84.927m from 2024/25 to 2027/28.  This was made up of £52.802m on existing property investment and £32.125m on additional Affordable Housing.  Details of the individual schemes were set out in Appendix B to the report.

AGREED (with 8 votes for and 1 abstention) that Cabinet recommend to the Full Council on 7 March 2024 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 as committed expenditure in the Capital Programme for 2024/25 to 2027/28.

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.