Issue - meetings

Consideration was given to a report seeking approval of the capital programme for the next five years to provide significant levels of strategic investment to deliver priority outcomes within the Council Plan.

COUNCIL RESOLVED:

i)

That the capital programme for 2016/17 and

the provisional programmes for 2017/18 to

2020/21, 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 delegated authority be granted 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)

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 provide significant levels of strategic investment to deliver priority outcomes within the Council Plan.

RESOLVED -

That the Council be recommended to:

(i)

Approve the capital programme for 2016/17, and the provisional programmes for 2017/18 and 2020/21, 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 additional flexibility regarding the application of capital receipts to fund the revenue costs of transformational projects as set out in appendix 4 to the report and to agree to receive further updates to confirm specific investment plans as part of the capital monitoring reports during the year.

The above decisions have been made for the following reasons:

(A)

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.