Decision details

To note the capital outturn position for 2021-22

RESOLVED:

1.  That the outturn and resources for 2021-22 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.

2.  That the virements and variations to the general fund and housing investment capital programme as detailed in Appendix C of the report and the new capital bids contained within this report and summarised at Appendix E of the report be approved.

3.  That the significant funding requirement of £326m which needs to be identified for the general fund programme to be fully delivered over the remaining term of the programme, as detailed in Appendix A of the report be noted.

4.  That the borrowing requirement of at least £1.1bn for future years for the housing investment programme to be fully delivered over the remaining term of the programme, as detailed in Appendix B of the report be noted.

5.  That the significant contribution the capital programme is making towards the objectives of the council’s climate change strategy (see paragraphs 17-18, 85, 117, 119 of the report) be noted.