Decision details

It was RESOLVED :-

·      To recommend the following capital programme for 2020/21 to the full Council :-

£’m

2019/20 Schemes Brought Forward                                3,294

New One Off Capital Projects                                                5,158

Smallholdings funded from capital receipts                         100

21^st Century Schools                                                               9,039

Housing Revenue Account                                                  17,138

Total Recommended Capital Programme 2020/21         39,903

Funded By:

General Capital Grant                                                              1.099

Supported Borrowing General                                              2,364

Capital Receipts                                                                           245

Capital Reserve                                                                            500

21^st Century Schools Supported Borrowing                     2,680

21^st Century Schools Unsupported Borrowing                3,679

HRA Reserve & In Year Surplus                                         14,228

HRA Unsupported Borrowing                                                  250

External Grants                                                                          7,572

2019/20 Funding Brought Forward                                      3,219

2020/21 Total Capital Funding                                             36,903

·      That the use of the VAT Leisure reserve and any potential capital receipts from the proposed sale of the golf course are considered by the Executive when the draft Developing Leisure Provision for Future Generations Plan is presented to the Executive.  The remaining £32k is carried forward as funding to be used in 2021/22;

·      To note the potential future funding requirements for 2021/22 onwards (as noted at Appendix 1, Table 3 and paragraph 5.5).