Decision details

Members made the following comments:

·           Paragraph 4.3.10 – Capital Assets – Officers were requested to carefully consider the status of sites for sale, and press on with the disposal of appropriate sites in order to obtain receipts to assist in the funding of the Capital Programme;

·           The final Capital Strategy should stress the level of risk and potential impact on the Capital Programme of the funding situation regarding the Bus Station re-location scheme; and

·           Further investigation should take place in respect of the possible revenue income opportunities for the Council of the Bus Station re-location scheme going forward.

It was RESOLVED:

1.         That the revised General Fund and HRA 2018/19 Capital Programme, as detailed in Appendix B and Appendix C to the report, be approved.

2.         That the draft 2019/20 General Fund Capital Programme, as detailed in Appendix B to the report, be approved for consideration by the Overview and Scrutiny Committee.

3.         That the draft 2019/20 HRA Capital Programme, as detailed in Appendix C to the report, be approved for consideration by the Overview and Scrutiny Committee.

4.         That the updated forecast of resources, as summarised in Appendix B (General Fund) and Appendix C (HRA) to the report, be approved.

5.         That the Council’s investment strategy for non-treasury assets (Section 3.2) be approved for consideration by the Overview and Scrutiny Committee.

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

7.         That the actions required to ensure the General Fund Programme is funded, as outlined in Paragraph 4.3.10 of the report, be noted.

8.         That the approach to funding the cost of the bus station prior to the release of GD3 monies, as outlined in Section 4.4 of the report, be supported.

9.         That the growth bids identified for inclusion in the Capital Strategy (Appendix A to the report) be approved.

10.      That the return of Right to Buy one for one receipts, as outlined in Section 4.10 of the report, be noted.

11.      That the 2019/20 de-minimis expenditure limit (Section 4.11 of the report) be approved for consideration by the Overview and Scrutiny Committee.

12.      That the 2018/19 contingency allowance (Section 4.8 of the report) be approved for consideration by the Overview and Scrutiny Committee.

13.      That the work undertaken by the Leader’s Financial Services Group (LFSG) on behalf of the Executive in reviewing and challenging the General Fund Capital Strategy be noted.

Reason for Decision:  As contained in report.

Other Options considered:  As contained in report.