Issue - meetings

This report presents the Council’s four-year Capital Programme for the period 2017-21. The programme for this period totals £253.2m.

9.01pm - 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 Andrew Jones and Lisa Homan (for the Administration).

The report and recommendations were then put to the vote:

FOR                            UNANIMOUS

AGAINST                   0

NOT VOTING            0

The report and recommendations were declared CARRIED.

9.12pm – RESOLVED

1.            To approve the General Fund Capital Programme budget at £45.6m for 2017/18 (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 2017/18 General Fund ‘Mainstream’ Programme as set out in Table 3 (paragraph 5.2 of the report) and specifically as follows:

·         Capital receipts and internal borrowing 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 previously approved, but now scheduled for 2017/18 (paragraph 5.2, Table 3 of the report):

            One off schemes:

·           Schools’ Organisation Strategy - £0.8m

·           Carnwath Road - £ 3.07m

Rolling programmes:

·           Parks Programme- £0.335m

·           Planned Maintenance/DDA Programme (including Hammersmith Town Hall refurbishment) – £5.35m

4.            To approve the Housing Programme at £53.2m for 2017/18 as set out in Table 5 (paragraph 7.3 of the report) and Appendix 1 of the report.

5.            To approve the annual Minimum Revenue Provision policy statement for 2017/18 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 to the report.