Issue - meetings

Report FSD17020

The Executive considered a report summarising the current position on capital expenditure and receipts following the third quarter of 2016/17 and presenting for approval the new capital schemes in the annual capital review process. With regard to the annual bidding process, the main focus was again on the continuation of existing essential programmes and on externally funded schemes.

The Executive was asked to approve a revised Capital Programme and make recommendations to full Council.

Councillor Robert Evans noted that the project to replace the water supply to the Star Lane Traveller Site was still delayed, and that the note about the scheme in Appendix B to the report was unclear. Officers were requested to clarify the situation and inform Councillor Evans of progress. 

RESOLVED that

(1) The report be noted, including the re-phasing of a total of £25,279k from 2016/17 into future years (as in paragraph 3.4.1) and the revised Capital Programme be approved.

(2) The following amendments to the Capital Programme be approved:

(i) A net reduction of £3k in 2016/17 to reflect revised grant support from Transport for London for Highways and Traffic schemes (as in paragraph 3.3.1);

(ii) A total reduction of £446k to reflect the revised grant funding for the Formula Devolved Capital Grant relating to the Council’s remaining maintained schools (as in paragraph 3.3.2);

(3) Council be recommended to approve:

(i) An increase of £14,539k in 2016/17 to the Council’s Property Investment Fund scheme to reflect the latest update on successful property acquisitions (as in paragraph 3.3.3);

(ii) An increase of £6,896k in 2018/19 to the Basic Need Programme (as in paragraph 3.3.4);

(iii) The inclusion of the new scheme proposals listed in Appendix C in the Capital Programme (as in section 3.5).