Issue - meetings

The Portfolio Holder for Corporate Finance and Resources to submit a report for the approval of the Capital Programme 2020-21 for the General Fund and the sources from which that funding will be taken.

(1)  Cabinet RECOMMENDED to Council the approval of funding for capital schemes in respect of General Expenses for 2020/21 and the sources that funding would be taken from;

(2)  Cabinet RECOMMENDED to Council that delegated authority be given to the Director for Corporate Services to amend the amount in the Capital Programme for Disabled Facilities Grants once funding confirmation had been received;

(3)  Cabinet RECOMMENDED to Council the approval of the Capital Strategy.

Councillor Ronnie de Burle, Portfolio Holder for Corporate Finance and Resources and the Director for Corporate Services, Dawn Garton introduced the report, which set out the proposed Capital Programme 2020/21 for consideration and recommendation to Council.

A modest Programme was proposed with further resources being made available as necessary.  Commercial investment supported by borrowing would also be considered.  Assessment of assets was needed and currently the Council needed to progress with an element of caution.

DECISIONS (KEY)

(1)  Cabinet RECOMMENDED to Council the approval of funding for capital schemes in respect of General Expenses for 2020/21 and the sources that funding would be taken from;

(2)  Cabinet RECOMMENDED to Council that delegated authority be given to the Director for Corporate Services to amend the amount in the Capital Programme for Disabled Facilities Grants once funding confirmation had been received;

(3)  Cabinet RECOMMENDED to Council the approval of the Capital Strategy.

Reason for the decision

As part of the budget framework Cabinet are required to review the capital programme and seek the approval of Council to provide the required funding.