The Cabinet recommends that Council:
1. Approves the revised medium term General Fund capital programme of £338.9 million, an increase of £17.9 million from the previously approved programme.
2. Approves the net additional General Fund resources of £17.9 million identified for;
i. New projects totalling £20.1 million (section 4 of the report);
ii. Existing projects net reduction totalling £2.2 million (section 3 of the report).
1. That the General Fund virements detailed at Appendix 4 to the report be approved for;
i. Existing projects totalling £11.0 million;
ii. New projects totalling £767,000.
2. That the HRA virements totalling £4.5 million detailed at Appendix 4 to the report be approved for;
i. New project totalling £4.5 million.
3. That it be noted that there are two projects requiring additional internal and external resources included in this report, but which are subject to a separate detailed project report also on this agenda. The inclusion of these projects is for budget approval purpose and is on the assumption that the approval to progress with the projects is given. As the progression is dependent on that decision, if the projects are not approved, the capital programme will be reduced accordingly. The names of the projects are:
· Average Speed Enforcement - Wolverhampton
· Average Speed Enforcement - Walsall, Sandwell and Dudley.