Decision details

Annual review of the Capital Programme.

(1)       That the latest five-year forecast of capital receipts be noted;

(2)        That the level of usable capital receipts currently predicted to be £4,715,000 at 31 March 2019 be noted;

(3)        That the following amendments to the Capital Programme be approved:

            (a)        carry forwards totaling £2,051,000 from 2014/15 to 2015/16 in respect of    General Fund capital schemes as outlined in the report;

            (b)        an additional allocation of £12,000 to purchase a franking machine for the Business Administration team;

            (c)        an overspend of £49,000 in respect of fees on the purchase of the lease at            Torrington Drive;

            (d)        a carry forward of £473,000 from 2014/15 to 2015/16 and 2016/17 in          respect of the Open Market Shared Ownership initiative and a reduction of          £292,000 for Private sector Housing Loans in 2014/15;

            (e)        re-phasing the Disabled Facility Grant budget as outlined in the report and an         additional allocation of £9,000 to complete the programme of non-repayable Private   Sector Housing Grants;

            (f)         virements within the Housing Revenue Account in respect of the categories of       work identified in the report; and

            (g)        re-phasing of the Council Housebuilding programme, Planned Maintenance           programme and Off-Street Parking Initiative financed within the Housing Revenue    Account as identified in the report.