Decision details

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

Having taken advice from the deputy monitoring officer, Councillor Mark Williams declared a non-pecuniary interest in this item and withdrew from the discussion and decision making on this matter.

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, supporting the delivery of the council plan themes totalling £48.86m (£48.00m General Fund and £0.86m Housing Investment Programme) be approved.

3.  That the projected expenditure 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 as at Month 5 2016-17 be noted and that this position will be updated during the year as more up to date information becomes available.

4.  That the resulting general fund capital programme for the period 2016-17 to 2025-26 as at Month 8, as detailed in Appendices A and D of the report, be noted.

5.  That the substantial funding requirement of £293.61m 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 2025-26 as at Month 5 2016-17, as detailed in Appendix B of the report, be noted.

7.  That the significant funding requirement of £181.80m, which needs to be identified for the housing investment programme to be fully delivered, be noted. 

8.  That the proposal to allocate a capital grant of £2.5m to Mountview to recognise the community benefits of the project (paragraph 45 of the report) be agreed.

At this point, Councillor Mark Williams rejoined the meeting.