Issue - meetings

The report provides a review of the Capital Plan.

NB Annexes 1 to 3 of the report are contained in a separate supplement.

Consideration was given to the report of the Director of Finance and Transformation which reviewed the current position of the existing Capital Plan (List A) and highlighted amendments made since February 2019.  It also recommended schemes for addition to List C, some existing List C schemes for deletion or evaluation and schemes for inclusion on List B from those List C schemes previously selected for evaluation.  Members were reminded that any aspirations in respect of capital schemes needed to be set within the context of the significant financial challenge facing the Council.

RECOMMENDED:  That the following be endorsed for consideration by the Overview and Scrutiny Committee:

(1)       subject to review each year, the maximum “annual capital allowance” be increased from £200,000 to £250,000;

(2)       the Capital Plan (List A) position as shown in Annex 1 to the report be endorsed;

(3)       the amendment of List C as detailed in paragraph 1.5.3 of the report;

(4)       the selection of those List C schemes shown in paragraph 1.6.4 of the report for evaluation or further evaluation as appropriate, including the schemes recommended for fast track evaluation;

(5)       the transfer of the schemes listed in paragraph 1.7.3 of the report from List C to List B; and

(6)        the draft Capital Strategy as set out at Annex 4 to the report be endorsed for adoption and publication on the Council’s website.

*Referred to Cabinet