Decision details

To note the forecast capital outturn position for Q2

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 £131.766m (£118.056m General Fund and £13.710m 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 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 2023-24 as at Month 5, as detailed in Appendices A and D of the report be noted.

5.  That the substantial funding requirement of £201.952m 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 2023-24 as at Month 5 2016-17, as detailed in Appendix B of the report be noted.

7.  That the significant funding requirement of £180.940m which needs to be identified for the housing investment programme to be fully delivered be noted. 

8.  That it be noted that discussions are continuing to determine whether replacement or refurbishment is the best option for the St. Saviour’s Dock footbridge.