Issue - meetings

Report of the Chief Executive

Presented by the Corporate Portfolio Holder

The Corporate Portfolio Holder presented the report to members, asking that they note the estimated outturn on the Capital Programmes for 2017/18 and approve the Capital Programmes for 2018/19, detailed in Appendices A – C.   He also sought members’ approval of the Capital Strategy attached at Appendix D, for which approval was an annual requirement alongside the Capital Programme.

The Corporate Portfolio Holder reported that the outturn on the General Fund Capital programme was estimated at £3.8 million against the original budget of £3 million.  This movement was as a result of a number of schemes carried forward from 2016/17, net of under spends and slippage of some schemes into the 2018/19 year.

The Corporate Portfolio Holder referred members to the General Fund Capital Programme set out in Appendix A, totalling £3.1 million for 2018/19 and comprising a number of liabilities identified within the Council’s Planned Preventative Maintenance (PPM) schedule as well as a number of new budget provisions, a number of which would be subject to further Cabinet approval for the schemes to go ahead.  He referred to the Special Expenses Capital Programme for 2018/19 at Appendix B of £50,000 which was solely for the purpose of floodlighting at Owen Street football pitch.  He also highlighted the Housing Revenue Account Capital Programme of £10 million at Appendix C, which included £2.8 million to maintain the Decent Homes standard within the housing stock and £3.9 million to continue the Council’s new build scheme.

Councillor R D Bayliss highlighted the spending and investment on home improvements, planned improvements and on new build programmes.  He commented that along with what members had already heard relating to debt and treasury management, he felt this reflected well on the whole business of the Council.  He felt that a great deal of credit was due to officers. 

It was moved by Councillor N J Rushton, seconded by Councillor R D Bayliss and

RESOLVED THAT:

a)    The estimated General Fund, Coalville Special Expenses and H.R.A. Capital outturn for 2017/18 and planned financing be noted.

b)    Council be recommended to approve the Capital Programmes in 2018/19 detailed in:

            · Appendix “A” General Fund capital schemes

            · Appendix “B” Special Expense capital schemes

            · Appendix “C” HRA capital schemes and in 2019/20 these schemes only:

            · £600,000 for the vehicle replacement programme, as detailed in                          paragraphs 3.7 to 3.7.7

c)    The proposed procurement routes be noted and authority be delegated to award the contracts, and any associated agreements in furtherance of the projects, as detailed in section 7 (procurement routes) of this report.

d)    The 2018/19 Capital Strategy included in Appendix D be approved, in line with the prudential code.

Reason for decision: To enable projects to be included in the Programmes and proceed.