Decision details

1.            To approve the General Fund Capital Programme budget at £37.3m for 2018/19 (paragraph 5.1, Table 2 and Appendix 1).

2.            To approve the continuation of the Council’s rolling programmes and the continued use of internal funding for 2018/19 General Fund ‘Mainstream’ Programme as set out in Table 3 (paragraph 5.2) and specifically as follows:

·         Capital receipts and internal borrowing amounting to £4.98m to fund the Council’s rolling programmes as follows:

·         Contributions from revenue amounting to £0.521m to fund the Council’s rolling programmes as follows:

·         Section 106 funding amounting to £0.5m to fund the Council’s rolling programmes as follows:

3.            To note existing capital receipts funded schemes previously approved, but now scheduled for 2018/19 (paragraph 5.2, Table 3):

          One off schemes:

·         Schools’ Organisation Strategy - £0.03m

·         Carnwath Road - £ 3.07m

     Rolling programmes:

·         Planned Maintenance/DDA Programme – £6.96m

4.            To approve the Housing Programme at £76.1m for 2018/19 as set out in Table 5 (paragraph 7.3) and Appendix 1.

5.            To delegate the potential application of 2017/18 capital receipts (totalling £7.1m) under the Government’s new Flexible Use of Capital Receipts provisions to fund Invest to Save schemes in 2017/18 and 2018/19 (as identified in Appendix 5). The final decision on whether to make use of any of this flexibility is delegated to the Strategic Finance Director, in consultation with the Cabinet Member for Finance, as part of the closure of the 2017/18 Accounts process.

6.            To approve the revised annual Minimum Revenue Provision policy statement for 2018/19 in Appendix 4.