Decision details

The Executive considered a report in respect of proposals for revisions to the 2020/21 General Fund and Housing Revenue Account Capital Programme and the draft Capital Programme for 2021/22 onwards.

It was RESOLVED:

1.          That the draft 2021/22 General Fund Capital Programme, as detailed in Appendix D to the report, be approved.

2.          That the draft 2021/22 HRA Capital Programme, as detailed in Appendix E to the report be approved.

3.          That the updated forecast of resources 2020/21, as detailed in Appendix D (General Fund) and Appendix E (HRA) to the report, be approved.

4.          That the Council’s investment strategy for non-treasury assets, as detailed in Appendix F to the report, be approved.

5.          That the approach to resourcing the General Fund Capital Programme, as outlined in the report, be approved.

6.          That the progress on Locality Reviews be noted.

7.          That the 2021/22 General Fund growth bids identified for inclusion in the Capital Strategy (as referred to in Paragraph 4.2.2 and Appendix A to the report) be approved in principle, subject to further review work being undertaken (as referred to in Table 9 and Paragraph 4.6.3 of the report).

8.          That the HRA budget increases identified for inclusion in the Capital Strategy (as referred to in Paragraphs 4.8.3 to 4.9.9 and Appendix C to the report) be approved.

9.          That the 2021/22 de-minimis expenditure limit (as set out in Section 4.10 of the report) be approved.

10.      That the 2021/22 contingency allowances respectively, as set out in Paragraphs 4.11.1 and 4.11.2 of the report, be approved.

11.      That the Executive delegation set out in Paragraph 4.11.3 of the report, allowing Executive to approve increases to the Capital Programme for grant funded projects, be approved.

Reason for Decision:  As contained in report.

Other Options considered:  As contained in report.