Issue - meetings

This report summarises the proposed 2019/20 capital programme for Strategy & Resources Committee.  Approval is sought for the programme to be submitted to Council in February 2019.

The Committee submitted the Capital Programme for 2019/20 as identified in section 4 of the report to Full Council for approval on 19 February 2019.

The Committee were presented with a report summarising the proposed 2019/20 capital programme for Strategy & Resources Committee, and were asked to consider the programme for submission to Council in February 2019.

The Capital Strategy had been agreed by the Council on 20 February 2018 at which time the capital programme was approved for 2018/19. Schemes for 2019-2021 were provisional pending the annual budget review and an annual assessment of funds for capital investment.

Strategy and Resources Committee had provided the Capital Member Group (CMG) with a remit for the preparation of a capital programme for 2019/20. Under this remit, CMG had assessed all capital bids and recommended a programme to the Financial Policy Panel (“the Panel”) for approval on 4 December 2018.

The programme presented to the Panel assumed funding from capital receipts and government grants. The Panel were advised that the proposed level of investment of £2.4 million over three years 2019/20 to 2021/22, of which £464k was to be funded from capital receipts and revenue, would reduce the available capital receipts balance to £2.8 million at the end of the period. The agreed minimum threshold of capital receipts was £1 million.

The report detailed the Panel’s guidance relevant to Strategy and Resources Committee.

Accordingly, the Committee submitted the Capital Programme for 2019/20 as identified in section 4 of the report to Full Council for approval on 19 February 2019.