Issue - meetings

This report presents the Council’s four-year Capital Programme for the period 2015-19.  The programme for this period totals £333.1m.  The gross programme for 2015/16 totals £125.9m.  This comprises the General Fund Programme of £31.7m and the Housing Programme of £94.2m.  The report also sets out the Councils’ Minimum Revenue Provision (MRP) policy and the Prudential Indicators.

9.04pm - The report and recommendations were formally moved for adoption by the Cabinet Member for Finance, Councillor Max Schmid.

Speeches on the report were made by Councillors Lisa Homan and Ben Coleman (for the Administration).

The report and recommendations were put to the vote:

FOR                        25

AGAINST                16

NOT VOTING            0

The report and recommendations were declared CARRIED.

9.15pm RESOLVED:

(1)    To approve the General Fund Capital Programme budget at £31.7m for 2015/16 (paragraph 5.1, Table 2 and Appendix 1 of the report).

(2)    To approve the continuation of the Council’s rolling programmes and the continued use of internal funding for 2015/16 General Fund Programme as set out in Table 3 (paragraph 5.2 of the report) and specifically as follows:

·         Capital receipts amounting to £5.48m to fund the Council’s rolling programmes as follows:

·         Contributions from revenue amounting to £0.544m to fund the Council’s rolling programmes as follows:

(3)    To note existing capital receipts funded schemes in the Schools programme of £441k, previously approved, but now scheduled for 2015/16 (paragraph 5.2, Table 3 of the report).

(4)    To approve the Housing Programme at £94.2m for 2015/16 as set out in Table 5 (paragraph 7.2) and Appendix 1 of the report.

(5)    To approve the annual Minimum Revenue Provision policy statement for 2015/16 in Appendix 4 of the report.

(6)    To approve the Chartered Institute of Public Finance & Accountancy (CIPFA) Prudential Indicators as set out in Appendix 5 of the report.

1.1.        That the General Fund Capital Programme budget at £31.7m for 2015/16 (paragraph 5.1, Table 2 and Appendix 1), be approved.

1.2.        That the continuation of the Council’s rolling programmes and the continued use of internal funding for 2015/16 General Fund Programme as set out in Table 3 (paragraph 5.2) and specifically as follows, be approved:

·         Capital receipts amounting to £5.48m to fund the Council’s rolling programmes as follows:

·         Contributions from revenue amounting to £0.544m to fund the Council’s rolling programmes as follows:

1.3.        That the existing capital receipts funded schemes in the Schools programme of £441,000 previously approved, but now scheduled for 2015/16 (paragraph 5.2, Table 3), be noted.

1.4.        That the Housing Programme at £94.2m for 2015/16 as set out in Table 5 (paragraph 7.2) and Appendix 1 of the report, be approved.

1.5.        That the annual Minimum Revenue Provision policy statement for 2015/16 in Appendix 4 of the report, be approved.

1.6.        That the Chartered Institute of Public Finance & Accountancy (CIPFA) Prudential Indicators as set out in Appendix 5 to the report, be approved.