Issue - meetings

To submit a report by the Interim Head of Function (Resources) and Section 151 Officer.

It was resolved that the items shaded on Appendix A to the report (items to the value of £14,480m) be included in the Capital Programme for 2015/16 to 2019/20.

The report of the Interim Head of Resources and Section 151 Officer incorporating the schedule of capital bids proposed by departments for inclusion in the 2015/16 to 2019/20 Capital Programme was presented for the Executive’s consideration.

The Portfolio Member for Finance reported that following the adoption by the Executive in July, 2014 of a Capital Strategy, departments were requested to submit bids for capital projects to be included in the 5 year Capital Programme. The full list of submissions is contained in Appendix A. These were reviewed individually and then prioritised according to a points based set of criteria as outlined in Appendix B to the report. The schedule of bids was compared against an estimate of available capital resources (Appendix C) and those pared down to the items shaded on Appendix A (valued at £14,480m) as ones deemed appropriate to be proposed for inclusion in the 2015/16 capital programme. The Portfolio Member for Finance said that the aim is for the capital programme to be self-financing and for the Council to try to avoid increasing its borrowing commitments and the costs that accompany that, and to be more proactive in disposing of assets no longer required.

It was resolved that the items shaded on Appendix A to the report (to the value of £14,480m) be included in the Capital Programme 2015/16 to 2019/20.