Issue - meetings

COUNCIL RESOLVED  -

(i)

That the capital programme for 2017/18, and the provisional programmes for 2018/19 to 2021/22, as set out in Appendix 2, be approved, subject to external funding approvals being received.

(ii)

That the provisional capital financing for the programme, as set out in Appendix 3, be noted and that authority be delegated to the Strategic Director, Corporate Resources to enter in to prudential borrowing which is consistent with the requirements of the capital programme and the Council’s Treasury Management Strategy.

(iii)

That the position in relation to the additional flexibility regarding the application of capital receipts to fund the revenue costs of transformational projects outlined in Appendix 4 be noted and that further updates be received to confirm specific investment plans as part of the capital programme monitoring reports during the year.

Consideration has been given to recommending the Council to approve the proposed capital programme for the next five years to continue to provide significant levels of strategic investment to deliver priority outcomes within the Council Plan and to help deliver the Council’s Medium Term Financial Strategy in order to maintain financial sustainability.

RESOLVED -

That the Council be recommended to:

(i)

Approve the capital programme for 2017/18, and the provisional programmes for 2018/19 to 2021/22, as set out in Appendix 2 to the report, subject to external funding approvals being received.

(ii)

Note the provisional capital financing for the programme, as set out in appendix 3 to the report, and delegate authority to the Strategic Director, Corporate Resources to enter into prudential borrowing which is consistent with the requirements of the capital programme and the Council’s Treasury Management Strategy.

(iii)

Note the position in relation to the additional flexibility regarding the application of capital receipts to fund the revenue costs of transformational projects outlined in appendix 4 to the report and agree to receive further updates to confirm specific investment plans as part of the capital programme monitoring reports during the year.

The above decisions have been made for the following reasons:

(A)

To continue to provide significant strategic investment to deliver priority outcomes within the Council Plan.

(B)

To realise the Council’s policies and objectives in relation to maximising resources available within its capital programme.

(C)

To assist with the medium and longer term financial sustainability of the Council.