Issue - meetings

To consider the report of the Chief Finance Officer.

The Chief Finance Officer presented the report on the Capital Programme (2018/19 – 2020/21), which sought approval of the General Fund and Housing Revenue Account Capital Programmes for 2018/19 and schemes identified for the following two years. He provided an overview of the recommendations which required the Council to prepare a three-year capital expenditure plan to consider the affordability of its capital investment. He referred Members to the report and appendices and provided an overview of the General Fund Capital Programme. Members were informed of the new bids within the three year capital expenditure plan and that the 2018/19 total for the new bids would be £1,466,700.

Members were updated on the Housing Revenue Account (HRA) for 2018/19. The HRA would provide a capital programme of £18.177 million, which would be comprised of capital investment of £12.487million for improvements to the Council’s existing council stock and £5.690million towards the provision of new council homes.  The Chief Finance Officer referred Members to the HRA Capital Programme report for the detail of the funding.

A Member referred to the available capital resources and enquired if the Section 106 funding level was reported. The Chief Finance Officer stated that the Section 106 contributions were identified, but were not included in the Capital Programme mechanism as such expenditure was only for specific schemes already approved.  The funding was held under separate identification within Planning, and he would enquire whether a former reporting regime to Members could be reinstated.

Corporate Services Scrutiny Committee noted the Capital Programme (2017/18 – 2019/20) report and requested Executive and Council to note and approve:-

(1)  The General Fund Capital Programme for 2018/19 as set out in Appendix 3;  and

(2)  The HRA Capital Programme for 2018/19 as set out in Appendix 4.