Issue - meetings

To approve the virements and variations to the general fund and housing investment programme and the inclusion in the programme of new capital bids.

To also agree and note issues relating to the month 8 capital monitoring programme.

Councillor Peter John having declared a non-pecuniary interest in this item, withdrew from the meeting while this item was being discussed and a decision made. Councillor Rebecca Lury, deputy leader and cabinet member for culture, leisure, equalities and communities chaired the meeting for this item.

RESOLVED:

1.  That the general fund capital programme for the period 2018-19 to 2027-28 as at Month 8, as detailed in Appendices A and D of the report and the forecast financing required (i.e. borrowing) of £134.3m for 2018-19 be noted.

2.  That the housing investment programme for the period 2018-19 to 2027-28 as at Month 8, as detailed in Appendix B of the report be noted.  Financing of the anticipated spend of £122.6m for 2018-19 has been identified.

3.  That the virements and variations to the general fund and housing investment programme (HIP) as detailed in Appendix C of the report be approved.

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

5.  That the projected expenditure and resources for 2018-19 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 this position continues to outturn when more up to date information will be available.

6.  That officers  review the levels of capital set out in the programme for highway works related to Fairer Future Priorities prior to the report being considered by council assembly on 27 February 2019.

7.  That the Leader delegates authority to the cabinet member for finance, performance and Brexit, in discussion with the cabinet member for environment, transport management and air quality, to amend the report prior to the 27 February 2019 council assembly meeting to ensure that appropriate resources are available for those highways commitments set out in the Council’s Fairer Future promises.