Issue - meetings

Report FSD15014

The current position on capital expenditure and receipts was outlined following the third quarter, 2014/15. New schemes were also presented for approval supported by Council Directors in the annual capital review process - the main focus again being a continuation of existing essential programmes and externally funded schemes, with a limited new spending programme (two new schemes) being put forward at this stage.

Supplementary information was also provided for Appendix C to the report,  the supplementary information outlining a capital project appraisal for the Windows Server 2003 replacement programme.

Members noted and approved the recommendations in Report FSD15014.

RESOLVED that:

(1)  Report FSD15014 be noted, including the re-phasing of a total of £8,377k from 2014/15 into later years (see paragraph 3.3.7 of Report FSD15014), and a revised Capital Programme agreed;

(2)  the following amendments to the Capital Programme be approved –

(i) reduction of £112k in respect of schemes having reached completion (see paragraph 3.3.1 of Report FSD15014);

(ii) addition of £663k in 2015/16 for Social Care Grant (see paragraph 3.3.2 of Report FSD15014);

(iii) increase of £101k in 2014/15 to reflect revised grant support from Transport for London for highway schemes (see paragraph 3.3.3 of Report FSD15014);

(iv) addition of £395k in 2015/16 for Relocation of Exhibitions in Bromley Museum (see paragraph 3.3.4 of Report FSD15014);

(v) a net reduction of £6,294k on the Council’s Investment Fund scheme to reflect the latest update on property acquisitions (see paragraph 3.3.5 of Report FSD15014); 

(vi) transfer (virement) of £113k from the budget for the Reconfiguration of Special Schools to the Basic Need budget (see paragraph 3.3.6 of Report FSD15014);

(vii) addition of £15m to the Council’s Investment Fund in the 2016/17 Capital Programme, to be funded by capital receipts (see paragraph 3.12 of Report FSD15014); and

(3)  Council be recommended to –

(i) include the new scheme proposals supported by Chief Officers (listed at Appendix C to Report FSD15014) in the Capital Programme (see paragraphs 3.4 and 3.5 of Report FSD15014); and

(ii) approve the addition of £15m to the Council’s Investment Fund in the 2016/17 Capital Programme, to be funded by capital receipts (see paragraph 3.12 of Report FSD15014 ).