| Item | Description | Resolution |
|---|---|---|
| PART 1 - PUBLIC | ||
| MATTERS FOR RECOMMENDATION TO THE CABINET | ||
| FP 13/004 |
Capital Plan Review |
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 previously selected for evaluation. 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. Reference was made to the criteria adopted in 2012/13 and consideration given to future funding of improvements to existing car parks and the reduction of the annual capital allowance. The Advisory Board suggested updating the description of the List C scheme relating to laptop computers for Members and discussion took place on the retention on List C of enhancement schemes for local shopping parades. RECOMMENDED: That the following be endorsed for consideration by the Overview and Scrutiny Committee: (1) expenditure on improvements to existing car parks be treated as recurring expenditure and the annual capital allowance be set at £320,000 from 2013/14; (2) the Capital Plan (List A) position as shown in Annex 2 to the report, subject to removal of the contribution towards Coldharbour Gypsy and Traveller Site which would be totally funded externally; (3) the amendment of List C as detailed in paragraph 1.5.1 of the report, subject to the schemes for environmental enhancement of shopping areas at Larkfield (A20), Woodlands Road and Twisden Road being retained on List C; (4) the selection for evaluation of those List C schemes shown in paragraph 1.6.3 of the report, including one for 'fast track' evaluation that has already been evaluated; (5) the transfer of the following schemes from List C to List B: Tonbridge Cemetery Memorial Garden Vaults Tonbridge Swimming Pool Car Park Improvements/Extension; (6) endorsement of the draft Capital Strategy, as set out at Annex 5 to the report, for adoption and publication on the Council's website. *Referred to Cabinet |