| Item | Description | Resolution |
|---|---|---|
| PART 1 - PUBLIC | ||
| MATTERS FOR RECOMMENDATION TO THE CABINET | ||
| FP 12/004 |
Capital Plan Review 2011/12 |
Consideration was given to the report of the Director of Finance which reviewed the current position of the existing Capital Plan (List A). It also recommended new schemes for adding to List C, some existing List C schemes for deletion or evaluation over the coming year and schemes for inclusion on List B from those List C schemes selected for evaluation previously. Members were reminded of the current approach to preparation of the Capital Plan and it was emphasised that any aspirations in respect of capital schemes needed to be set within the context of the significant financial challenge facing the Council. In view of the changed circumstances since the current Capital Plan process was adopted, Members suggested a simplified approach for future schemes based on three criteria: health and safety requirements; wholly or substantially externally funded; or capable of reducing the Council's costs in the medium/longer term. RECOMMENDED: That the following be endorsed for consideration by the Overview and Scrutiny Committee: (1) the Capital Plan (List A) position as shown in Annex 2 to the report; (2) the inclusion in List C of the schemes listed in paragraph 1.5.1 of the report; (3) the removal from List C of those items noted in paragraph 1.5.2 of the report; (4) the selection for evaluation of those List C schemes shown in paragraph 1.6.3 of the report, eight schemes being selected for fast track evaluation of which four had already been evaluated; (5) the Capital Plan process be simplified in future with schemes progressing on the basis of the three criteria specified above (health and safety, externally funded or reducing the Council's costs); (6) the transfer of the following schemes from List C to List B: Car Park Enhancement Programme Phase 5 Larkfield Leisure Centre New Dance/Exercise Studio Tonbridge Swimming Pool Changing Village Floor Tonbridge Racecourse Sportsground Improvements Phase 2 Haysden Country Park Bridge Repairs Open Spaces Site Improvements Phase 2 Tonbridge Cemetery Path Improvements Finance Electronic Document Management (7) the shortfall in funding required for the four schemes recommended for fast track evaluation be met from funds no longer required in respect of existing schemes; and (8) endorsement of the draft Capital Strategy set out at Annex 5 to the report for adoption and publication on the Council's website. *Referred to Cabinet |