Decision details

To note the forecast capital outturn position for Q3 and to approve amendments to the capital programme

RESOLVED:

1.  That the general fund capital programme for the period 2013/14 to 2021/22 as at 31 December 2013, detailed in Appendix A of the report be noted.

2.  That the housing investment programme for 2013/14 and future years as at 31 December 2013 detailed in Appendix B of the report be noted.

3.  That the virements and variations to the general fund and housing investment capital programme as at 31 December 2013, detailed in Appendix C of the report be approved.

4.  That the new capital bids for the general fund for the period 2013/14 to 2023/24 as shown at Appendix D and detailed in paragraphs 120-178 of the report be approved.

5.  That the new capital bids for the housing investment programme for the period 2013/14 to 2021/22 as shown at Appendix E and detailed in paragraphs 179-198 of the report be approved.

6.  That the refreshed capital programme including the new bids for the general fund (as shown in Appendices F and H of the report) and the housing investment programme (as shown in Appendix G) be approved and that it be noted that further re-profiling of expenditure and resources for 2013/14 and future years will be required in the future based on more up to date information available at that time.

7.  That in view of the comments in paragraphs 199-202 of the report on the projected financial position over the 10 year capital programme, the strategic director of finance and corporate services monitor the situation closely and work with strategic directors on the profiling of capital expenditure and explore other funding options, if required, to ensure the capital programme can be sustained over the long term.