Issue - meetings

Consideration has been given to:

a)    a breakdown of the 2016/17 capital programme which included capital         payments of £65.061m;

b)    an assessment of reasons for the variations from the third quarter review and         details of the proposed financing of the capital programme; and

c)    the impact of CIPFA’s Prudential Code on the capital programme and the         monitoring of performance against the statutory Prudential Indicators.

RESOLVED -

(i)

That the Council be recommended to agree all variations to the 2016/17 capital programme as detailed in appendix 2 to the report.

(ii)

That the Council be recommended to agree the financing of the 2016/17 capital programme. 

(iii)

That it be confirmed to Council that the capital expenditure and capital financing requirement indicators have been revised in line with the revised budget and that none of the approved Prudential Indicators set for 2016/17 have been breached.

The above decisions have been made for the following reasons:

(a)

To ensure the optimum use of the Council’s capital resources in 2016/17.

(b)

To accommodate changes to the Council’s in-year capital expenditure plans.

(c)

To ensure performance has remained within approved Prudential Limits.