Council is recommended to:

1. Approve the revised City of Wolverhampton Council Capital Strategy.

2. Approve the revised medium term General Revenue Account capital programme of £334.2 million, a reduction of £7.9 million from the previously approved programme and the change in associated resources.

3. Approve the revised Housing Revenue Account capital programme of £441.9 million, a reduction of £609,000 from the previously approved programme and the change in associated resources.

Cabinet resolved:

1. That the virements for the General Revenue Account capital programme be approved as detailed at Appendix 5 to the report for;

i. Existing projects totalling £11.1 million;

ii. New projects totalling £6.8 million.

2. That the virements for the Housing Revenue Account capital programme be approved as detailed at Appendix 5 to the report for:

i. Existing projects totalling £3.8 million.

3. That the General Revenue Account outturn position for 2018-2019 which stands at 76.1% of the approved capital budget be noted.

4. That the Housing Revenue Account outturn position for 2018-2019 which stands at 86.1% of the approved capital budget be noted.