Issue - meetings

[To recommend revisions to the current approved capital programmes covering the period 2019-2020 to 2024-2025]

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.

Councillor Louise Miles presented the Capital Programme 2019-2020 to 20203-20204 Quarter Three Review and 2020-2021 to 2024-2025 Budget Strategy for approval and recommendation to Full Council.

Councillor Louise Miles also led personal tributes from Cabinet colleagues to the memory of Councillor Peter Bilson. They made reference to some of the many areas where he had left his significant mark on the city, including his work for housing in the city, the capital investment in housing, measures for additional fire safety to flats that he was at the forefront of championing, the Decent Homes Pledge, WV Living, the Tenant Management Organisations, the Grand Theatre, and refurbishment of the Civic Halls, to name just as few.

Resolved:

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 continued 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.