The Business Manager – Financial Services presented a report which detailed the available capital resources, the Council’s existing committed Programme and the priority schemes identified. In accordance with Financial Regulations the Policy & Finance Committee was required to consider the Capital Programme and recommend to Council the final Programme on 9 March 2020.
In respect of the general fund capital expenditure the Council intended to spend £39.727m from 2020/21 to 2023/24 on the schemes as set out in Appendix A to the report. In respect of the Housing Revenue Account expenditure the Council intended to spend £56.471m from 2020/21 to 2023/24. This was made up of £21.398m on existing property investment and £35.073m on Affordable Housing. The HRA property investment and development programme 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 are recommended to Full Council on 9 March 2020 as committed expenditure in the Capital Programme for 2020/21 – 2023/24.
Reason for Decision
To enable the Capital Programme to be considered by the Policy & Finance Committee in accordance with Financial Regulation 6.2.3 prior to its submission to Council.