Decision details

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

(2)        That the level of usable Capital receipts currently predicted to be £5,891,000 at 31 March 2020 be noted;

(3)        That increased external borrowing of an estimated £25,000,000 to support the General Fund Capital Programme be noted;

(4)        That the following amendments to the Capital Programme be recommended to the Council for approval:

            (a)        a supplementary Capital estimate in the sum of £88,000 for the museum   development   project;

            (b)        a supplementary Capital estimate in the sum of £49,000 for planned           maintenance works at the Civic Offices, previously included in the Revenue     accounts;

(c)        a supplementary Capital estimate in the sum of £12,000 for two remaining private sector housing grants; and

            (d)        a supplementary Capital estimate in the sum of £7,000 for CCTV equipment          at Town Mead depot, previously included in the Revenue accounts;

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

            (a)        carry forwards totaling £18,024,000 from 2015/16 to 2016/17 and 2017/18 in          respect of the General Fund Capital schemes listed below:

                        (i)         Planned Maintenance Programme                 £70,000;

                        (ii)        Upgrade of Industrial Units                              £200,000;

                        (iii)       General ICT                                                     £89,000;

                        (iv)       Langston Road Shopping Park                       £16,200,000;

                        (v)        Oakwood Hill Depot                                        £200,000;

                        (vi)       Flood Alleviation Schemes                             £31,000;

                        (vii)      Housing Estate Parking                                  £400,000;

                        (viii)      Purchase of Bridgeman House                      £309,000;

                        (ix)       CCTV Systems                                               £124,000;

                        (x)        Open Market Shared Ownership Scheme     £211,000; and

                        (xi)       Parking Review Schemes                              £190,000;

            (b)        a reduction of £151,000 for replacement refuse bins to be compensated by an       equivalent revenue allocation and a reduction of £447,000 as a result of discontinuing   the Open Market Home Ownership scheme;

            (c)        virements within the General Fund and Housing Revenue Account in          respect of:

            (i)         £310,000 for increased electrical testing in Council flats from the Small Capital Repairs & Voids budget; and

            (ii)        £200,000 for Other Categories of Work from the Kitchen & Bathroom             Replacements budget; and

            (d)        re-phasing of the Council Housebuilding Programme, Planned Maintenance           Programme and Off-Street Parking initiative financed within the Housing Revenue    Account, with carry forwards of £3,663,000 as listed below:

                        (i)         New House Building & Conversions               £2,395,000;

                        (ii)        Heating/Rewiring/Water Tanks                       £100,000;

                        (iii)       Other Planned Maintenance                           £150,000;

                        (iv)       Structural Schemes                                        £100,000;

                        (v)        Garages & Environmental Improvements      £685,000;

                        (vi)       Capital Service Enhancements                      £175,000; and

                        (vii)      Housing DLO Vehicles                                   £58,000; and

(6)        That the appropriation of Lindsey House from the Housing Revenue Account to the General Fund be approved.