It was resolved –
· To reaffirm the capital strategy principles set out in paragraph 3 of the report.
· To confirm that the 2018/19 capital programme funding will be limited to the total of the general capital grant and supported borrowing (as determined by Welsh Government) and the estimated value of any capital receipts that will be received.
· To confirm that the existing project commitments (Table 5 of the report) and the funding for the renewal/upgrade of existing assets for 2018/19 are as set out in Table 6 of the report subject to the addition of £250k to be released during 2018/19 from the capital reserve fund to be allocated to invest to save projects.