Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
To approve the Capital Programme 2019-2020 to 2023-2024 Quarter Three Review and 2020-2021 to 2024-2025 Budget Strategy.
1. That Council be recommended to approve the revised medium term General Revenue Account capital programme of £368.4 million, an increase of £41.3 million from the previously approved programme, and the change in associated resources.
2. That the virements for the General Revenue Account capital programme detailed at Appendix 5 to the report be approved for:
i. Existing projects totalling £8.4 million;
ii. New projects totalling £10.4 million.
3. That both delegations to the Cabinet Member for Resources, in consultation with the Director of Finance, be continue to approve the allocation of:
i. The Corporate Contingency to individual projects in order that corporate priorities may be addressed in an agile and timely manner;
ii. The Transformation Development Efficiency Strategy to individual transformation projects in order to benefit from the capital receipts flexibility announced in the Autumn Statement 2015 and in line with the Medium Term Financial Strategy.
4. That authority be delegated to the Black Country Joint Committee to make decisions on behalf of the Council in relation to the approval of all Black Country Local Enterprise Partnership (LEP) funding applications, together with submissions for all external funding on behalf of the Black Country Local Enterprise Partnership and Collaboration Agreement partners.
Report author: Karen Eaton
Publication date: 20/02/2020
Date of decision: 19/02/2020
Decided at meeting: 19/02/2020 - Cabinet