Cllr Andrew Johnson presented a report on the
outturn position of the capital budget for 2015/16 and on an update
of the 2016/17 financial performance of the General Fund and
Housing Revenue Account (HRA) capital programmes and the revised
forecasts for 2016/17 to 2020/21 as at quarter one of 2016/17. The
report also included a revised General Fund and HRA capital
programmes for the period 2016/17 to 2020/21.
Cllr Johnson also informed Cabinet
that an update report on the Civic Halls would be presented to
Cabinet (Resources) Panel on 19 July 2016. If the recommendations
to the report are approved, it would impact on the capital
programme to be reported to Full Council on 20 July. He there
sought approval to an additional recommendation to fully reflect in
the capital programme report to Full Council, any changes made to
the capital programme between now and 20 July 2016.
That Full Council be recommended to:
Approve the revised medium term General Fund capital
programme of £272.6 million, an increase of £11.0
million from the previously approved programme, reflecting the
latest projected expenditure for the medium term.
Approve the revised medium term HRA capital
programme of £249.5 million, an increase of £24.1
million from the previously approved programme.
Approve the additional resources for two new and
sixty two existing General Fund projects totalling £11.0
million and for 9 existing HRA projects totalling £24.1
Approve the updated capital financial strategy
relating to: the approval of future capital projects, the
declaration of identified underspends and the use of capital
receipts to either reduce the Councils need to borrow to fund the
approved capital programme or to apply the receipts on revenue
reform projects under the new capital receipt flexibility
That ten General Fund and two HRA virements
totalling £14.7 million be approved.
That the updated schedules of works for the capital
projects under the following directorates be approved:
Corporate: ICTS and in relation to Education;
Primary Expansion programme, Capital Maintenance and Building
Schools for the Future (BSF).
People: Sports Investment Strategy, Co-location,
Short Breaks for Disabled Children, Community Hubs and Early
Education – Two Year Education Pilot.
Place: Corporate Asset Management, Urban Parks
Refurbishment, Disposals Programme, Accessing Growth Fund, Managing
Short Trips, Structural Maintenance, Markets Services, Leisure
Centres and Southside programme.
Place: Housing Revenue Account.
That authority be delegated during 2016/17 to the
Cabinet Member for Resources in consultation with the Director of
Finance to approve the allocation of the provision of the
‘Corporate Contingency’ to individual capital projects
in order that corporate priorities may be addressed in a more agile
and timely manner.
That authority be delegated to the Cabinet Member
for City Environment, in consultation with the Strategic Director
for Place, to approve the allocation of the Non Highway Structures
provision for future programmes budget, to individual capital
projects in order to address structural issues in a timely
That authority be delegated to the ...
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