Decision details

Four Year Capital Programme 2020/21 And Capital Strategy 2020/21

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

1.    To approve the four-year General Fund Capital Programme budget at £492.2m for the period 2020/21-2023/24 (paragraph 2.1, Table 2 and Appendix 1).

 

2.    To approve the four-year rolling programmes, set out in Table 3 (paragraph 2.2), funded from the Council’s mainstream resources:

 

·       Capital receipts and borrowing:

 

£m

Planned Maintenance/DDA Programme [F&G]

2.40

Column Replacement [ENV]

0.10

Footways and Carriageways [ENV]

2.03

Total

4.53

 

·       Contributions from revenue (Parking):

 

£m

Controlled Parking Zones [ENV]

0.275

Column Replacement [ENV]

0.246

Total

0.521

 

3.    To note the existing mainstream funded schemes previously approved, but now reprofiled to 2020/21 and future years as detailed in Table 3 (paragraph 2.2).

 

4.    To approve the four-year Housing Capital Programme at £199.97m for the period 2020/21-2023/24 as set out in Table 5 (paragraph 3.2) and Appendix 1.

 

5.    To delegate the potential application of capital receipts brought forward (up to £3.5m) under the Government’s Flexible Use of Capital Receipts provisions to fund Invest to Save schemes in 2019/20 and 2020/21 (as identified in Appendix 5) to the Strategic Director, Finance and Governance, in consultation with the Cabinet Member for Finance and Commercial Services, as part of the closure of the 2019/20 and 2020/21 accounts.

 

6.    To approve an additional budget envelope of £50m, from 2020/21 onwards, to provide operational flexibility, for taking forward the major projects set out in Capital Strategy Report. Use of this budget will be subject to Cabinet approval, agreement of funding sources and sign-off of an appropriate business case. 

 

7.    To approve Capital Strategy 2020/21, as set out in Appendix 4.

 

8.    To approve annual Minimum Revenue Provision policy statement for 2020/21, as set out in Appendix 6.

 

Publication date: 04/02/2020

Date of decision: 03/02/2020

Decided at meeting: 03/02/2020 - Cabinet

Effective from: 07/02/2020

Accompanying Documents: