Decision details

To note the capital outturn position for 2016-17 and approve a refresh to the capital programme

RESOLVED:

1.  That the virements and variations to the general fund and housing investment capital programme as detailed in Appendix C of the report be approved.

2.  That the inclusion in the programme of the capital bids set out in Appendix E of the report be approved.

3.  That the outturn and resources for 2016-17 and future years for both the general fund and housing investment programmes as detailed in Appendices A, B and D of the report be noted, as at Month 12 2016-17.

4.  That the resulting general fund capital programme for the period 2016-17 to 2026-27 as at year-end, as detailed in Appendices A and D of the report be noted.

5.  That the substantial funding requirement of £313.676m for future years which needs to be identified for the general fund programme in order for this to be fully delivered, as summarised in Appendix A of the report be noted.

6.  That the resulting housing investment programme for the period 2016-17 to 2026-27 as at Month 12 2016-17, as detailed in Appendix B of the report be noted.

7.  That the significant funding requirement of £211.1m which needs to be identified for the housing investment programme to be fully delivered over the 10 year programme be noted. 

8.  That it be noted that any potential demand on the capital programme arising as a consequence of local or national demands for resources following the Grenfell fire are not included in this report.

9.  Following on from the previous recommendation 8, it be noted that in the event of additional resources being required that the Leader delegates responsibility to the strategic director of finance and governance (in consultation with the cabinet member for finance, modernisation and performance and the cabinet member for housing) for identifying resources for this purpose, to be made available in a timely way.

10.  That the update on local community infrastructure levy set out in paragraphs 46 and 47 of the report be noted.