Issue - meetings

Capital Plan Review 2021/22

Meeting: 18/01/2022 - Overview and Scrutiny Committee (Item 5)

5 Capital Plan Review 2021/22 pdf icon PDF 233 KB

Additional documents:

Minutes:

Consideration was given to the report of the Director of Finance and Transformation which set out progress on the 2021/22 Capital Plan Review and sought endorsement of recommendations to the Cabinet.

 

Members were reminded that the annual capital allowance was currently set at £250,000.   It was noted that based on current projections, from 2028-29 the Borough Council might need to borrow to fund such expenditure.

 

Particular reference was made to the two schemes on List C (attached as Annex 3 to the report) recommended for fast track evaluation and in turn, their addition to the Capital Plan; purchase of an Air Quality Monitor and Tonbridge Farm Sportsground Improvements.  

 

RECOMMENDED:  That

 

(1)             the recommendations to the Finance, Innovation and Property Advisory Board detailed at paragraph 1.3 of the report be endorsed; and

 

(2)             the Capital Strategy, as set out at Annex 5 to the report, be endorsed for adoption by Council and publication on the Council’s website.

 

*Referred to Cabinet