1.1. That General Fund Capital Programme budget at £49.3m for 2014/15, outlined in Table 4, be approved.
1.2. That the continuation of the reduction in CFR which based on current forecasts will reduce to £66.5m by 31st March 2015, be noted.
1.3. In respect of capital receipts for 2014/15 that the:
· application of £9.5m capital receipts to the reduction of CFR (Table 2) be approved;
· continuation of the rolling programme schemes funded from capital receipts amounting to £6.23m set out in Table 5 be approved;
· capital receipts funded schemes within Decent Neighbourhoods Programme (Housing and Regeneration) for 2014/15, be approved, as follows:
o Housing Revenue Account projects £25.8m;
o Decent Neighbourhoods projects £42.7m.
This totals £68.5m per Table 6b.
· existing capital receipts funded schemes (approved in 2013/14) but now scheduled for 2014/15 are as follows:
o The Schools Capital Programme £6.6m;
o Grants to Social Landlords (Hostel Improvement) £60K;
o Relocation of HAFAD[1] to Edward Woods Community Centre and Related Refurbishment Requirements £308K, be noted.
1.4. That the Decent Neighbourhoods Programme for 2014/15 as set out in Table 6a (section 7) of the report including the indicative capital expenditure budget 2014/15 of £91.6m funded from capital receipts of £68.5m with the remainder of £23.1m funded from other sources (also included within the programme is the budget envelope of £48.4m for 2014/15 for investment in existing Council Homes via the HRA Capital Programme), be approved;
1.5. That the annual Minimum Revenue Provision policy statement for 2014/15 in Appendix 5 be approved;
1.6. That the CIPFA[2] Prudential Indicators as set out in Appendix 6 to the report, be approved.