That Council be recommended to approve the updated Capital Programme for the period 2019/20 to 2022/23, onwards as set out in summary form at Appendix A to the Cabinet report.
(b) Reason(s) for Decision(s)
The Council is required to set a capital budget for the coming year and as part of prudential financial management, incorporate a longer term view of capital activity. Regular review of the capital Programme is essential, especially when a number of major schemes are running in parallel. The CIPFA Prudential Code (December 2017) includes a requirement to produce a capital strategy.
(c) Alternative Options Considered
None as such. The proposed Capital Programme represents the allocation of anticipated resources in accordance with corporate priorities.
(d) Relevant Scrutiny Committee
Finance and Services. That Committee considered the Capital Programme at its meeting on 14 January, 2019. The Committee Chairman attended the Cabinet meeting to elaborate upon the Committee’s deliberations.
Cabinet accepted all of the recommendations of the Scrutiny Committee.
Cabinet’s final recommendation will now be considered by full Council and therefore is not subject to call-in.
(e) Conflicts of Interest / Dispensation(s)